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8/11/15
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Star Station, a 17k sf, 23-unit mixed-use property in Northern California sold for $3.15 mil ($185/sf). Starr Station is located at 9940 Starr Rd in the town of Windsor, roughly 60 miles north of San Francisco in Sonoma County.
Starr Station contains 11 garden-style residential units, including four three-bedroom/two-bath units and seven two-bedroom/two-bath units. The property’s amenities include private patios and balconies, updated units, abundant closet space, covered parking and an average of 975 sf per unit.
In addition to the res units, the property includes 12 office spaces which are 100% occupied by established, long-term tenants. The offices units average 466 sf and serve the local business community.
The buildings are two-story in height and are built on a concrete pier foundation.
Erich Reichenbach, an investment specialist in Marcus & Millichap’s San Francisco office, represented the buyer, a limited liability company, and the seller, a private investor. According to Marcus & Millichap, vacancy rates in Sonoma County are currently below 3.0%.
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