11 5th St, Petaluma, CA 94952

Property Description

Fully occupied historic office investment in downtown Petaluma. The approximately 20,000-square-foot property features 22 income-producing units with a diversified mix of larger professional offices and executive micro-suites. The building is 100% occupied by tenants representing financial services, insurance, healthcare, technology, consulting, and other professional industries. Current pro forma operations reflect approximately $574,003 in annual income and $381,176 in net operating income. Most leases extend into 2029-2031, with one lease extending through 2036. Originally constructed in 1911 as the Lincoln Primary School and designed by noted architect Brainerd Jones, the property offers a distinctive columned faade, historic character, and an irreplaceable downtown presence. Its diversified tenancy, flexible suite configurations, staggered lease expirations, and established cash flow create a compelling stabilized investment opportunity.