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26,000-SF Office Building Trades at $2.9 Mil

SANTA ROSA, CA-NAMO Co LLC bought a 25,900 sf office building in the heart of the Santa Rosa Business Park for $115 per sf. According to broker Paul Gonzales, this is an example of how well Santa Rosa is holding up in the declining economy.

By Michelle Savage | Updated on August 24, 2001

SANTA ROSA, CA-NAMO Co LLC has purchased a 25,900 sf office building for $2.9 million, approximately $115 per sf, from a private investor.

NAMO Co LLC bought the building mainly because of its location and price, according to Paul Gonzales of Orion Partners, who represented NAMO in the transaction. Frank Connelly and Kevin Canady of Keegan & Coppin represented the seller in the 1031 exchange.

The building is located in Santa Rosa’s Business Park, at 1330 North Dutton Avenue. The multi-tenant facility is fully occupied, and has a lot of short-term leases that leave room for increases in rent.

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