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2321-2329 Circadian Way 54,529 SF Vacant Industrial Building Santa Rosa, CA 95407 $13,632,000 ($250.00/SF) 5.04% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 42,319 SF available in August is perfect for wine storage.
  • The property is located in Northpoint Business Park which was built in 1986 to accommodate light manufacturing and office and warehouse requirements.

EXECUTIVE SUMMARY

Grow Strong Industries has signed a new lease beginning in May 2023. The building is a high cube industrial warehouse building with 4 recessed docks in the back and grade level doors on three sides of the building. The truck access is excellent and can service large delivery trucks. Both spaces have private offices and room for work stations in the front of the building with more than adequate parking around the building. This property is situated in Northpoint Business Park which was established in 1986 with tenants and building owners such as Kaiser Permante, Amy’s Kitchen, Info Stor, VA Hospital, Satellite Health, and Sonic (internet providers). This is currently owned by the original developers who own the other industrial properties surrounding this property. It is rare for this to go on the market as an individual purchase.

PROPERTY FACTS

Price $13,632,000
Price Per SF $250.00
Sale Type Investment or Owner User
Cap Rate 5.04%
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
Building Class B
Lot Size 3.15 AC
Rentable Building Area 54,529 SF
No. Stories 1
Year Built 1997
Parking Ratio 2.88/1,000 SF
Clear Ceiling Height 25’
No. Dock-High Doors/Loading 4
No. Drive In / Grade-Level Doors 3
Zoning BP - Business Park

AMENITIES

  • Air Conditioning

UTILITIES

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Grow Strong Industries
  • Retailer
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Grow Strong Industries Retailer - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl - 2329
  • 42,319 SF
  • Industrial
  • Full Build-Out
  • Now

WAREHOUSE ±38,000 RSF & OFFICE ±4,319 RSF. Air-conditioned warehouse with units on roof. 4 interior recessed docks, and 2 grade-level doors. The warehouse has insulated ceiling and walls. Previous tenant used for wine storage. The office portion has 5 private offices, a large bullpen area or showroom, a staff lounge, and 2 restrooms.

Space Size Space Use Condition Available
1st Fl - 2329 42,319 SF Industrial Full Build-Out Now

1st Fl - 2329

Size
42,319 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

1st Fl - 2329

Size 42,319 SF
Space Use Industrial
Condition Full Build-Out
Available Now

WAREHOUSE ±38,000 RSF & OFFICE ±4,319 RSF. Air-conditioned warehouse with units on roof. 4 interior recessed docks, and 2 grade-level doors. The warehouse has insulated ceiling and walls. Previous tenant used for wine storage. The office portion has 5 private offices, a large bullpen area or showroom, a staff lounge, and 2 restrooms.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
035-133-020
Land Assessment
$1,221,526
Improvements Assessment
$2,580,389
Total Assessment
$3,801,915
  • Listing ID: 29062989

  • Date on Market: 7/20/2023

  • Last Updated:

  • Address: 2321-2329 Circadian Way, Santa Rosa, CA 95407

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