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Listed by William Severi • North Bay Property Advisors • 01357548 • 01357548 • North Bay Property Advisors
Nick Abbott • 01357548 • North Bay Property Advisors
Nick Abbott • 01357548 • North Bay Property Advisors
$ 10,500,000
Est. payment /mo
Pending
2447 Summerfield RD Santa Rosa, CA 95405
58,215 SqFt
UPDATED:
12/06/2024 06:14 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 58,215 sqft
Price per Sqft $180
MLS Listing ID 324050859
HOA Y/N No
Year Built 1960
Lot Size 7 Sqft
Property Description
Chapter 7 Bankruptcy Overbid Opportunity Truly rare opportunity to acquire a 58,215+/- sq. ft. housing facility approved for 51 beds plus 12 additional beds as emergency shelter. The property was originally developed as Warrick Hospital, which was ultimately taken over by Sutter Health. In January 2014, approximately 34,865+/- sq. ft. was approved to be converted from hospital'' use to transitional housing''; the facility opened under this format in 2016. Sutter still retains approximately 15,000+/- sq. ft. on the east side of this campus and has exercised an extension to stay for 5 more years, expiring September 15, 2029. Sutter's lease rate is $1/year, under a Gross lease, plus Sutter must pay its share of the common area expenses. Sutter has one additional 5-year extension available to it beyond September 15, 2029. If this option is exercised, the lease would be extended to September 15, 2034.
Location
State CA
County Sonoma
Area Santa Rosa-Southeast
Interior
Heating Roof Package Separate
Cooling Roof Package Joint, Wall Unit(s)
Flooring Carpet, Combo of Materials, Concrete, Tile, Vinyl
Exterior
Utilities Available Cable Connected, DSL Available, Primary Water Meter, Natural Gas Connected, Separate Gas Meter, Telephone, Underground Utilities
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Meter on Site, Public
Level or Stories 1
Others
Special Listing Condition Subject to Court Confirmation, Other
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