-
COMSTOCK COMMONS — H D R Santa Rosa, CA, Sonoma County D O
Russ Mayer, Partner1201 North McDowell Blvd., Petaluma, CA
94954
(707) 664-1400 ● Fax: (707) 792-7336Lic #:01260916
[email protected]
The above information, while not guaranteed, has been secured
from sources we believe to be reliable. Submitted subject to error,
change or withdrawal. An interested party should verify the status
of the property and the information herein.
-
Keegan & Coppin Company, Inc. is pleased to offer for sale
Comstock Commons (620 3rd Street, Downtown Santa Rosa) a high
density mixed-use residential development opportunity. Comstock
Commons is one of the fi rst mid-rise, mixed-use residential
projects to be designed per the City of Santa Rosa’s initiative to
create a higher density downtown urban core. The development site
is located in the heart of the Santa Rosa downtown area and
directly across the street from the reunifi ed Old Courthouse
Square. The proposed 14-story project features 116 residential
units, 8,000 sf of ground fl oor retail and 135 parking spaces on
two fl oors of below grade parking for a total of approximately
252,000 sf.
Upon completion of construction, the building’s striking tiered
architecture would be complemented by its unique mid-block location
and surrounding pedestrian plazas. The proposed development has
been characterized as “the tallest building on the West Coast
between San Francisco and Portland.”
COMSTOCK COMMONS — H D R Santa Rosa, CA, Sonoma County D O
The above information, while not guaranteed, has been secured
from sources we believe to be reliable. Submitted subject to error,
change or withdrawal. An interested party should verify the status
of the property and the information herein.
-
PROPERTY SUMMARY
Address Zoning620 Third Street Santa Rosa, CA
CD10 - Downtown Commercial
APN Height Limit009-071-026 10-xSite Area Year Built0.59± Acres
/ 25,700± SF 1976Existing Building StoriesSingle-tenant, 24,283 ±
SF Two Story
PROPOSED DEVELOPMENTProject previously received preliminary
approvals from the City of Santa Rosa for redevelopment to a
252,000± sq. ft., 14-story, mixed-use development featuring 116
residential units over 8,000 sq. ft. of ground fl oor retail and
135 parking spaces on two fl oors of below grade parking. These
approvals included:
• A General Plan and Zoning Code Amendment allowing for the
construction of a 14-story building with a maximum height of 150
feet
• Tentative Map approval• Adoption of a Mitigated Negative
Declaration• Minor Conditional Use Permit approval• Approval
allowing for the conversion of Comstock Mall to allow for both
pedestrian
and vehicular access• Department of Parking approval to modify
traffi c circulation through the adjacent city
owned parking garage enabling a shared use of Comstock Mall for
both the project and the garage
• Conditions of Approval from: Planning Department, Public Works
and Fire Department
SALE PRICE$6,200,000
COMSTOCK COMMONS — H D R Santa Rosa, CA, Sonoma County D O
Russ Mayer, Partner1201 North McDowell Blvd., Petaluma, CA
94954
(707) 664-1400 ● Fax: (707) 792-7336Lic #:01260916
[email protected]
The above information, while not guaranteed, has been secured
from sources we believe to be reliable. Submitted subject to error,
change or withdrawal. An interested party should verify the status
of the property and the information herein.
-
TENANT PROFILE
The property is leased to the SR Entertainment group and
operated as the “3rd Street Cinemas 6”. The lease expires on
December 31, 2022. The terms of the lease terms can be provided
upon execution of a Non-Disclosure Agreement.
SR Entertainment Group is a family run company that operates,
designs, builds and renovates theatres. In addition to the 3rd
Street Cinemas 6, its operations include: the Roxy Stadium 14 and
Airport Stadium 12 in Santa Rosa; the Sierra Vista Cinemas 16 in
Clovis; the Lodi Stadium 12 in Lodi; the Plaza Cinemas 14 in
Oxnard; and the Roxy Stadium 11 in Camarillo. SR Entertainment
Group is owned and operated by the Tocchini Family who’s long
involvement in fi lm entertainment stretches back to 1926 when Dan
Tocchini Sr. constructed the Strand Theatre, one of the fi rst
movie theatres in Santa Rosa.
COMSTOCK COMMONS — H D R Santa Rosa, CA, Sonoma County D O
Russ Mayer, Partner1201 North McDowell Blvd., Petaluma, CA
94954
(707) 664-1400 ● Fax: (707) 792-7336Lic #:01260916
[email protected]
The above information, while not guaranteed, has been secured
from sources we believe to be reliable. Submitted subject to error,
change or withdrawal. An interested party should verify the status
of the property and the information herein.
-
The mid block location provides a unique opportunity for a
stepped back building design surrounded by
pedestrian friendly plazas.
ELEGANT BUILDING DESIGN
Retail/Cafe
Brew Pub
PoolOffi ce Building
First Republic Bank
Bank of America
City Parking Garage
NorthCoastBank
Solar Roof Panels
BUILDING CONFIGURATIONThe proposed project would consist of
condominiums on the 2nd through 12th fl oors with ceiling
heights of 9 feet and double height
loft style townhouses on the 13th fl oor.
COMSTOCK MIXED-USEThere would be a diversity of home sizes
ranging
from 700 sf to 2,000 sf with an average condominium size of
1,350 sf over approximately 8,000 sf of ground
fl oor retail.
COMSTOCK COMMONS — H D R Santa Rosa, CA, Sonoma County D O
Russ Mayer, Partner1201 North McDowell Blvd., Petaluma, CA
94954
(707) 664-1400 ● Fax: (707) 792-7336Lic #:01260916
[email protected]
The above information, while not guaranteed, has been secured
from sources we believe to be reliable. Submitted subject to error,
change or withdrawal. An interested party should verify the status
of the property and the information herein.
-
FLOOR PLAN MIX
*plans are preliminary & may change
COMSTOCK COMMONS — H D R Santa Rosa, CA, Sonoma County D O
Russ Mayer, Partner1201 North McDowell Blvd., Petaluma, CA
94954
(707) 664-1400 ● Fax: (707) 792-7336Lic #:01260916
[email protected]
The above information, while not guaranteed, has been secured
from sources we believe to be reliable. Submitted subject to error,
change or withdrawal. An interested party should verify the status
of the property and the information herein.
-
COMSTOCK COMMONS — H D R Santa Rosa, CA, Sonoma County D O
Russ Mayer, Partner1201 North McDowell Blvd., Petaluma, CA
94954
(707) 664-1400 ● Fax: (707) 792-7336Lic #:01260916
[email protected]
The above information, while not guaranteed, has been secured
from sources we believe to be reliable. Submitted subject to error,
change or withdrawal. An interested party should verify the status
of the property and the information herein.
-
FEASIBILITY STUDYA comprehensive market feasibility analysis was
previously conducted for the development which concluded that there
was a pent-up demand for an upscale urban living experience in
downtown Santa Rosa. The fi ndings of this study showed that most
of the buyers in this group were in the 50-year plus category and
were looking to move from their single family residence into a
housing type that was more conducive to their current and future
lifestyle needs. Specifi cally, a housing experience that will at
once provide them with dining, entertainment and shopping
convenience of an urban living experience and, at the same time,
free them from the maintenance and upkeep responsibility of
individual home ownership, allowing them to “lock and leave”
anytime they so desire. There was also a similar buyer demographic
of younger, single and childless married professionals who work in
Sonoma County and were looking for an urban living experience that
cities like San Francisco provide. In addition, there was a solid
potential for buyers, possibly a second home, from outside Sonoma
County who were attracted to the well-known lifestyle that Sonoma
County has to offer - the wine country, the Pacifi c Coast, food,
art, hiking and biking.
HOUSING SHORTAGEThe recent Northern California fi res that
destroyed almost 4,658 homes in Santa Rosa (approximately fi ve
percent of the city’s housing stock) have worsened a problem that
Santa Rosa and the surrounding communities have struggled with for
the past two years: a severe housing shortage. Demand has far
outstripped new construction in the region. In many areas,
inventory prior to the fi res was already down by more than 10
percent year-over-year in August and in some places more than 20
percent according to an analysis by real estate website Zillow.
That was before the fi res reduced inventory in an already slim
market.
COMSTOCK COMMONS — H D R Santa Rosa, CA, Sonoma County D O
The above information, while not guaranteed, has been secured
from sources we believe to be reliable. Submitted subject to error,
change or withdrawal. An interested party should verify the status
of the property and the information herein.
-
SMART - TRANSIT STATION (NEARBY)
The Sonoma-Marin Area Rail Transit (SMART) Santa Rosa downtown
train station is just across U.S. Route 101, and located in a 1904
historic depot in the Railroad Square district and just a short
walk from the project site. SMART is the San Francisco Bay Area’s
newest transportation option for travel, offering passenger rail
service in Sonoma and Marin counties. SMART’s initial 43 miles of
rail corridor includes 10 stations, 1 tunnel, 20 bridges, and 14
new trains servicing passengers from the Sonoma County Airport to
Downtown San Rafael.
The full project will provide 70 miles of passenger rail
service, connecting residents and visitors with jobs, education
centers, recreation, retail hubs and housing along the Sonoma-Marin
corridor helping reduce congestion along Highway 101. The project
includes a bicycle and pedestrian friendly pathway. Future
extensions include: Larkspur, Windsor, Healdsburg, and Cloverdale
as well as additional stations in the current service areas.
In total, three stations will service Santa Rosa with additional
locations at Santa Rosa North near the Coddington Shopping Center
and on Airport Boulevard near Santa Rosa’s rapidly growing regional
airport and the Airport Business Center with one of the highest
concentration of employment in the North Bay.
COMSTOCK COMMONS — H D R Santa Rosa, CA, Sonoma County D O
Russ Mayer, Partner1201 North McDowell Blvd., Petaluma, CA
94954
(707) 664-1400 ● Fax: (707) 792-7336Lic #:01260916
[email protected]
The above information, while not guaranteed, has been secured
from sources we believe to be reliable. Submitted subject to error,
change or withdrawal. An interested party should verify the status
of the property and the information herein.
-
• Directly across the street from the recently reunifi ed
Courthouse Square, an outdoor plaza and civic gathering place in
the heart of Santa Rosa designed to host events and invite
residents and visitors to shop, dine, and enjoy the downtown
area.
• • In the heart of beautiful Sonoma County wine region,
attracting over 7 million visitors annually with its variety of
authentic, distinctive and world-renowned wine, cuisine and
recreational experiences.
• Located just 30 miles from the Pacifi c Ocean with the lush
environs of Alexander Valley, the Valley of the Moon, and the
charming towns of Healdsburg and Sonoma only a short drive
away.
• Santa Rosa is the fourth largest city in the San Francisco Bay
Area, the largest city between the Golden Gate Bridge and Portland
and the epicenter of Sonoma County.
• Located minutes from the Charles Schultz Airport featuring
commercial fl ights to Los Angeles, Seattle, Portland and Las
Vegas, including private plane service.
LOCATION
COMSTOCK COMMONS — H D R Santa Rosa, CA, Sonoma County D O
Russ Mayer, Partner1201 North McDowell Blvd., Petaluma, CA
94954
(707) 664-1400 ● Fax: (707) 792-7336Lic #:01260916
[email protected]
The above information, while not guaranteed, has been secured
from sources we believe to be reliable. Submitted subject to error,
change or withdrawal. An interested party should verify the status
of the property and the information herein.
-
CITY OF SANTA ROSA ECONOMIC PROFILE
Santa Rosa is the largest city between Portland and San
Francisco and serves a four county region as the hub for technology
and entrepreneurial businesses, retail, banking and employment. It
has a dynamic and well-balanced economy, anchored by strengths in
tourism, high-tech manufacturing and retail. Residents enjoy a
superb quality of life with many beautiful parks and recreational
facilities while employers benefi t from a skilled workforce. As
the county seat, it is the center of trade, government, commerce
and medical facilities for the North Bay area. The area surrounding
Santa Rosa is one of the world’s leading wine regions stretching
from the Pacifi c Coast in the west to the Mayacamas Mountains in
the east, and is home to almost 60,000 acres of vineyards and more
than 370 wineries. Within these borders are 15 American
Viticultural Areas each with its own distinctive characteristics.
This diversity makes the area one of California’s best wine country
destinations.
As the county seat of Sonoma County, Santa Rosa has every
attraction expected within a major city, with its symphony,
performing arts center, theater productions, internationally
recognized restaurants and a healthy mix of businesses in the
technological, retail, medical, agricultural and service sectors.
Yet, while having a population of over 170,000, Santa Rosa still
retains the warmth and small-town feel of decades past with an
extraordinary quality of life for its residents and visitors. This
warm and friendly city, an urban blend of art and culture, food,
wine and recreation, is the perfect location for families and all
travelers to stay for a relaxing and adventurous vacation.
With fi ne schools that include nearby Sonoma State University,
a nationally renowned junior college, a wealth of businesses and
services, a nearly endless array of recreational opportunities and
a superb climate in which to enjoy them, Santa Rosa is a
combination of elements that create a vibrant community.
COMSTOCK COMMONS — H D R Santa Rosa, CA, Sonoma County D O
Russ Mayer, Partner1201 North McDowell Blvd., Petaluma, CA
94954
(707) 664-1400 ● Fax: (707) 792-7336Lic #:01260916
[email protected]
The above information, while not guaranteed, has been secured
from sources we believe to be reliable. Submitted subject to error,
change or withdrawal. An interested party should verify the status
of the property and the information herein.
-
COMSTOCK COMMONS — H D R Santa Rosa, CA, Sonoma County D O
Russ Mayer, Partner1201 North McDowell Blvd., Petaluma, CA
94954
(707) 664-1400 ● Fax: (707) 792-7336Lic #:01260916
[email protected]
The above information, while not guaranteed, has been secured
from sources we believe to be reliable. Submitted subject to error,
change or withdrawal. An interested party should verify the status
of the property and the information herein.
-
B Street
B Street Santa Rosa PlazaSanta Rosa Plaza
B Street
B Street
B Street
B Street
Old Old Courthouse Courthouse
SquareSquare
Mendoci
no Ave
Mendoci
no Ave
7th St Ga
rage
7th St Ga
rage
7th St7th St
4th St4th St
4th St4th St
5th St5th St
5th St5th St
3rd St3rd St
Mendoci
no Ave
Mendoci
no Ave
US Post US Post Offi ceOffi ce
D Street
D Street
D Street
D Street
TRANSIT MALL
TRANSIT MALL
Press Press DemocratDemocrat
COMSTOCK COMMONS — H D R Santa Rosa, CA, Sonoma County D O
Russ Mayer, Partner1201 North McDowell Blvd., Petaluma, CA
94954
(707) 664-1400 ● Fax: (707) 792-7336Lic #:01260916
[email protected]
The above information, while not guaranteed, has been secured
from sources we believe to be reliable. Submitted subject to error,
change or withdrawal. An interested party should verify the status
of the property and the information herein.
-
COMSTOCK COMMONS — H D R Santa Rosa, CA, Sonoma County D O
Russ Mayer, Partner1201 North McDowell Blvd., Petaluma, CA
94954
(707) 664-1400 ● Fax: (707) 792-7336Lic #:01260916
[email protected]
The above information, while not guaranteed, has been secured
from sources we believe to be reliable. Submitted subject to error,
change or withdrawal. An interested party should verify the status
of the property and the information herein.
-
COMSTOCK COMMONS — H D R Santa Rosa, CA, Sonoma County D O
The above information, while not guaranteed, has been secured
from sources we believe to be reliable. Submitted subject to error,
change or withdrawal. An interested party should verify the status
of the property and the information herein.
DisclaimerThis property is being offered on an as-is basis.
While the Broker believes the information in this brochure to be
accurate, no warranty or representation is made as to its accuracy
or completeness. Interested parties should conduct independent
investigations and reach conclusions without reliance on materials
contained in this brochure. The property will only be shown in
coordination with the Listing Agent.
The material contained in this brochure is confi dential and is
provided solely for the purpose of considering the purchase of the
property described herein. Offers are to be delivered to the agent
for the property owner, Russ Mayer of Keegan & Coppin Company,
Inc. and should include information about the Buyer and any key
principals that will be involved in the transaction, fi nancing
strategy (equity and debt), proof of funds for the equity portion
of the total planned capital investment and any other information
that would indicate their ability to complete the transaction
smoothly. Buyers and their Brokers are advised to investigate those
matters they deem important to evaluate the Property and to contact
the appropriate governing agencies prior to submitting an
offer.
Contact InformationRuss Mayer, Partner
Lic. #: 01260916(707) 664-1400
Email: [email protected]
1201 N. McDowell Boulevard
Petaluma, CA 94954
