755 & 775 Southpoint Blvd 2 Industrial Properties in Petaluma, CA

CBRE, Inc., is pleased to present the opportunity to acquire 755 & 775 Southpoint Blvd (“The Property”), two high-quality industrial facilities totaling 184,881 SF in Petaluma, CA. Strategically located in the Sonoma County market, the buildings are 85% leased to five diverse tenants with 3.28 years WALT. The three largest tenants, Gibson Inc. (#1 U.S. guitar brand), Take-Two Interactive (Nasdaq: TTWO, S&P: BBB) and Sunrun (Nasdaq: RUN), occupy 72% of the total rentable SF and are heavily invested in the project.
The Property features Highway 101 frontage, 28’ warehouse clearance, new roofs with 15-year warranties, abundant parking with 345 spaces and ample loading with 16 dock high and 14 grade level loading doors. This is a rare opportunity to acquire a high-quality industrial property in an infill location with
immediate freeway access and abundant retail amenities. Petaluma, Sonoma County’s second largest city, is a key economic hub in the North San Francisco Bay Area, and offers a cost-effective alternative to industrial space in the East Bay, San Francisco and The Silicon Valley. The Property benefits from excellent regional connectivity and proximity to a highly educated, high-income population base with 4.3+ million people located within 50 miles of the site.