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2208 Olivet Rd 85,000 SF 100% Leased Industrial Building Santa Rosa, CA 95401 $4,995,000 ($58.76/SF) 10.67% Cap Rate
Executive Summary
Offered for sale is a 12.11 acre income producing agricultural investment located in the heart of Sonoma County, anchored by two established, mission critical agribusiness tenants: a thriving grapevine nursery and a well established vineyard support company. Both tenants are currently secured under long-term leases with approximately 7/8 years remaining and have expressed willingness to execute a new 10-year lease (or longer), subject to buyer requirements, providing a clear path to extended income security and downside protection for the incoming investor. The property generates a verified Net Operating Income of approximately $533,000 , delivering a strong 10.7% capitalization rate based on in-place, actual financials. Improvements include multiple greenhouses, agricultural support structures, office facilities, and equipment storage buildings, all purpose-built to support ongoing operations and long-term tenancy. Additional income is derived from a ~2,100 SF single-family residence (3 BD / 2.5 BA) with garage and RV storage, currently leased on a month-to-month basis to a stable residential tenant, offering optional upside through lease restructuring or future repositioning. The property is improved with two on-site wells and multiple water storage tanks, providing operational redundancy and water security an increasingly critical attribute for agricultural assets in Sonoma County. This offering presents investors with a rare opportunity to acquire a high-yield, stabilize agricultural real estate asset featuring durable tenants, long-term lease potential, and strong cash flow in one of Northern California's most desirable and supply constrained agricultural markets.
Property Facts Under Contract
| Price | $4,995,000 | Building Class | B |
| Price Per SF | $58.76 | Lot Size | 12.18 AC |
| Sale Type | Investment | Rentable Building Area | 85,000 SF |
| Cap Rate | 10.67% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built | 1980 |
| Property Type | Industrial | ||
| Zoning | LIA-40 - land intensive ag | ||
| Price | $4,995,000 |
| Price Per SF | $58.76 |
| Sale Type | Investment |
| Cap Rate | 10.67% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 12.18 AC |
| Rentable Building Area | 85,000 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Zoning | LIA-40 - land intensive ag |
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Property Taxes
| Parcel Number | 057-030-065 | Improvements Assessment | $1,485,691 |
| Land Assessment | $1,273,449 | Total Assessment | $2,759,140 |
Property Taxes
Parcel Number
057-030-065
Land Assessment
$1,273,449
Improvements Assessment
$1,485,691
Total Assessment
$2,759,140
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2208 Olivet Rd
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