Industrial Property For Sale - Sonoma 5-Year NNN Leased Investment

1180 Fremont Drive - AKA Highway 121, Sonoma, CA, 95476

 
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Industrial For Sale
Sonoma, CA
California

Sonoma 5-Year NNN Leased Investment

 

1180 Fremont Drive - AKA Highway 121

Sonoma, California 95476
County: Sonoma
 
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  For Sale Active  
Property Use Type:Investment
Type:Industrial
Manufacturing
Building Size:47,000 SF
Lot Size:7.00 Acres
Occupancy:100.00%
Price:$2,675,000
Price/SF:$56.91
Cap Rate:6.50%
Net Lease Investment:Yes
Years left on Lease:5
Date Last Verified:1/5/2009
Property ID:15712870
 
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 Additional Information 

Property Description:
7+/- Acres with 47,000+/- sq.ft. of warehouse buildings - open for manufacturing. Leased to Sonoma Pacific Company (www.sonpac.com). A Pallet Manufacturing Company at this location since 1972. Tenant has just signed a new 5 year lease with annual 4%+ increases with a 5 year option to extend @ FMV. Tenant utilizes the entire site with multiple open warehouse buildings where they manufacture, store and ship the pallets. The site is mostly improved with asphault and concrete. Located next to a 20+ acre - 300,000 sq.ft. Master Planned Industrial Park. This site is located in the Sonoma Wine Country in the Carneros appelation.

Location Description:
Located on Highway 121 between 8th Street East and Highway 12. Just a mile or two to Highway 116. Near Highways 29, 37. Excellent location in the wine country on a well traveled Highway between the Sonoma & Napa Wine Countries. Sonoma is about 45 minutes North of San Francisco and 15 minutes from Napa Valley.

 Highlights 
•5-Year NNN Leased Investment in Sonoma Wine Country•Sonoma Pacific Company at this property since 1972
 
•Zoned County M-3 - Limited Rural Industrial District•Excellent visibility and access on Highway 121
 
•Multiple manufacturing buildings on site•$8.75 per sq.ft. on the land value
  Financial Summary Actual  
Year:2008
Scheduled Gross Income:$174,000
Net Operating Income:$174,000
 
  Major Tenant Information
Tenancy Type: Single
 
Sonoma Pacific Company (Pallet Company)
SF Occupied: 47,000
Lease Expires: 6/1/2013
 
 
  Debt & Equity Information
No Debt & Equity Information Provided
5/14/2008
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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