141 2nd St
Petaluma, CA 94952
Garage Retail · Specialty Property For Sale · 290,004 SF

Jones Lang LaSalle Brokerage, Inc. (“JLL”), as exclusive advisor, is pleased to present a rare and outstanding opportunity to acquire a 100% fee-simple interest in 111 to 141 2nd Street (“Garage Retail”), located in the Northern California city of Petaluma. The Property includes a 4-story structure with 28,751 RSF of ground floor office / retail space, which is 100% leased to ten diverse tenants. In addition, the building features a 532 stall Parking Garage, located in the three floors above the ground floor retail space.
The asset is located in heart of Petaluma’s thriving Downtown Theatre District, which continues to experience strong growth, vitalization and very low vacancy. Petaluma’s growth is being driven by an influx of young families moving to the area to take advantage of its high quality of life attributes and abundance of new housing developments, at more affordable price points than its neighboring counties. This demographic shift has energized downtown Petaluma, with new residents supporting local retailers, restaurants, and service businesses.
In addition to further anticipated population and rent growth, the ability to monetize the parking garage through paid parking (currently free), offers tremendous upside for new ownership. One of the premier parking garage operators recently analyzed this potential and concluded the site is well positioned to generate substantial additional income for ownership once implemented. This report is available to interested parties.