The Schlegel Group

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2447 Summerfield RoadSanta Rosa, CA 95405Price: $12,667,650

  • Price: $12,667,650
  • 25 Days on Market
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Federal 30-year interest rate: 6.77% last updated on Jul 18, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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  • $12,667,650List Price
  • 7.33Acreage
Listed by William Severi of North Bay Property Advisors

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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.

Property Details of 2447 Summerfield Road

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Based on information submitted to CA_BAREIS as of July 23, 2024 5:06 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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