2447 Summerfield Road
$10,500,000
—
58,215
58,215
$180
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+/-...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.
- Listed by William Severi • DRE #01000344 • Brokerage DRE #01000344 • North Bay Property Advisors
- Listed by Nick Abbott • DRE #01357548 • Brokerage DRE #01000344 • North Bay Property Advisors
Property Details for 2447 Summerfield Road
Cross Street
Hoen Ave
Total Parking Spaces0
LISTING UPDATED: 11/15/2024 05:30 PM
Property Details for 2447 Summerfield Road
Status | Active |
---|---|
MLS # | 324050859 |
Days on Compass | 146 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale / Mixed Use |
Year Built | 1960 |
Lot Size | 7.33 AC / 319,294 SF |
County | Sonoma County |
Building Information for 2447 Summerfield Road
Stories1Residences-Year Built1960Lot Size7.33 AC / 319,294 SF
Property Information for 2447 Summerfield Road
Property History for 2447 Summerfield Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2447 Summerfield Road
Taxable ValueLand-Additions-Total-
Tax Record2024$494 ($41 / month)
Home Facts
Lot Size50,093 SqFtStyleMiscellaneous CommercialCountySONOMAAPN014-361-045-000
Schools near 2447 Summerfield Road
This home is within Rincon Valley Union Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 6 |
Rating | School | Distance |
---|---|---|
Spring Creek Matanzas Charter School CharterK to 6 | ||
Herbert Slater Middle School Public7 to 8 | ||
Montgomery High School Public9 to 12 | ||
Rincon Valley Partnership PublicK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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