Santa Rosa Retail Building Acquired by a Planet Fitness Development Group in $6.3 Mil Deal

A 38k sf retail building in Santa Rosa traded for $6.3 mil, or $166/sf. The property is located at 2705 Santa Rosa Ave, south of Hwy and adjacent to the east side of Hwy 101.

The property is situated within Santa Rosa Southside Shopping Center, a 126.6k sf center with other tenants including REI, Cost Plus World Market, and DSW, among others. The property is ideally located in the Santa Rosa market with Highway 101 visibility and sits in the heart of the regional retail corridor in south Santa Rosa.

SRS Real Estate Partner’s Scott Landgraf, Amber Edwards and Sarah Edwards represented the buyer, DiLorenzo Santa Rosa Real Estate LLC. The seller was repped by CBRE and Meridian Commercial.

“Our buyer client intends to immediately work on giving the building a new modern façade and renovating the interior to serve as a two-tenant property,” said Landgraf. “The new ownership, a Planet Fitness development group for the region, will locate Planet Fitness in the western half of the building (18k sf – 22k sf) facing Highway 101. The remaining space already has interest from a number of national brands.”