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Fully Leased NNN IND Investment 500 Tesconi Cir 35,000 SF Industrial Building Santa Rosa, CA 95401 $6,705,882 ($191.60/SF) 5.95% Cap Rate
Investment Highlights
- New 10-Year NNN Leased Investment
- 100% Leased to ITT Cannon LLC through April 2037 with Annual 3% Increases
Executive Summary
• 35,000/- sf footprint light Industrial R&D building – concrete tilt-up construction with fire sprinklers
• Plus 7,000+/- sf 2nd floor office, lab, lunchroom and stock room
• Built in 1979 and Renovated in 2024
• Situated on a level 1.99+/- acre parcel parking lot and yard area located in high quality business park
• 100% Leased to ITT Cannon LLC through April 2037
• 16’-18’+/- Clear Height in the Warehouse Area and three (3) grade level roll-up doors
• Public Utilities to site – PG&E and water and sewer
• 73+/- Onsite Parking Stalls
• Building has a Fire Protection System
• 1,200 Amp Main Electrical Panel
• Zoned BP-SA (Business Park - Station Area) in the City of Santa Rosa
• Located on the in the prestigious Santa Rosa Business Park; close proximity and easy access to Downtown Santa Rosa and Highways 12 and 101
• Fenced yard/parking area - ample room
Property Facts
Amenities
- Signage
- Reception
- Storage Space
- Monument Signage
Utilities
- Gas
- Water - City
- Sewer - City
- Heating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Manufacturing
- 35,000 SF
- $0.95
- Triple Net
- Apr 2037
At ITT, they make a lasting difference in the world by powering key industries, advancing transportation safety and comfort, connecting people to data and each other, and securing essential infrastructure. ITT's purpose – ITT Solves It – is why ITT exists as a company. They are expert engineers, innovators and problem solvers. They convert unique ideas into sophisticated solutions that matter. ITT has a rich and vibrant legacy, shaped by world-class products and services, technological leadership, international expansion and a series of successful reinventions. Beginning as a telecommunications provider, ITT grew to be one of the largest global conglomerates and completed multiple demergers, before becoming the focused global multi-industrial company it is today.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Manufacturing | 35,000 SF | $0.95 | Triple Net | Apr 2037 |
Property Taxes
| Parcel Number | 036-253-006 | Improvements Assessment | $2,834,218 |
| Land Assessment | $940,652 | Total Assessment | $3,774,870 |
Property Taxes
Contact the Sale Advisor
Fully Leased NNN IND Investment | 500 Tesconi Cir