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Waterfront Office 201 1st St 50,755 SF 100% Leased Office Building Petaluma, CA 94952 For Sale
Investment Highlights
- High Quality, Class “A” Office Asset
- 97% Occupancy & Stable Cash Flow
- Professionally Managed & Maintained
- Strong, Stable & Diverse Tenancy
- "Core” Property Located in Thriving Downtown
- Ideal 1031 Exchange Asset
Executive Summary
The asset is located in the 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 current downtown Petaluma office vacancy rate of approximately 8.5% demonstrates extraordinary market health and tenant demand. The Property benefits from its waterfront location, immediate adjacency to the Theatre District’s shopping, dining, and fitness amenities, and convenient access to the nearby 532-stall public parking garage. The impeccably maintained building also features abundant natural light, river views, and is a short three-minute walk to the Downtown Petaluma SMART station, connecting tenants throughout the North Bay and to San Francisco via ferry service.
Property Facts
Amenities
- 24 Hour Access
- Bus Line
- Courtyard
- Waterfront
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Professional, Scientific, and Technical Services
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Accelitas® is reimagining financial access through the transformative power of data. Their unique expertise in AI-powered data analytics delivers fast, fair and frictionless ways to help businesses grow, including the Accelerated Insight® Platform, featuring real-time web services that seamlessly confirm identity, predict credit, streamline data reconciliation and enable payments.
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- Professional, Scientific, and Technical Services
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For more than 55 years, Pisenti & Brinker LLP has provided comprehensive services to growing businesses throughout Sonoma County and the North Bay Area. They’re proud to offer exceptional customer service and year-round support to their clients.
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- Rental and Leasing Services
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Solairus Aviation is a U.S.-based private aviation services company specializing in aircraft management and private jet charter. Founded in 2009, the company is headquartered in Petaluma, California, and operates over 75 base locations nationwide. Solairus manages a fleet of more than 330 aircraft and employs approximately 2,300 flight crew and support personnel. Its core services include comprehensive aircraft management, charter flight operations, and aviation consulting, designed to ensure safety, regulatory compliance, and cost optimization for aircraft owners. Solairus is privately held and recognized for its IS-BAO Stage Three certification and Wyvern Wingman safety rating. The company also offers operational support, maintenance oversight, and crew recruitment, serving high-net-worth individuals and corporate clients across the U.S. and internationally.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Professional, Scientific, and Technical Services | - | - | - | Jan 0000 | |
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Professional, Scientific, and Technical Services | - | - | - | Jan 0000 | |
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Rental and Leasing Services | - | - | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 008-121-021 | Improvements Assessment | $8,881,348 |
| Land Assessment | $1,671,522 | Total Assessment | $10,552,870 |
Property Taxes
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Waterfront Office | 201 1st St
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