Satnam Walia Acquires Valero Gas Station In Santa Rosa From Lynn Kirk Trustee For $2.85M

The retail property located at 1101 Yulupa Avenue in Santa Rosa was successfully sold for $2,850,000. The asset spans 984 square feet with a price per square foot of $2,896. It is situated within a high-traffic shopping center anchored by Whole Foods Market, offering exceptional visibility and strong consumer traffic.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,850,000
• Buyer: Satnam Walia
• Seller: Lynn Kirk - Trustee of the Kirk Family Trust
• Broker(s): Oron Maher & Arian Zerehi - Maher Commercial Realty
• Sale Price: $2,850,000
• Square Footage: 984
• Price Per Square Foot: $2,896
• Cap Rate: 2.9%
• Lease Structure: Absolute NNN lease
• Remaining Lease Term: Approximately 2 years

Oron Maher and Arian Zerehi represented both the buyer, Satnam Walia, and the seller, Lynn Kirk, in this transaction. The offering attracted significant investor interest, generating 19 offers and closing $650,000 above the asking price, indicating robust market demand. The property also features a full improvement reversion in 2027, providing a turnkey solution for its owner.