8360 Santero Way - Cotati Station 5.75 Acres of Commercial Land Offered at $12,000,000 in Cotati, CA 94931

Cotati Station is a transit-oriented mixed-use development opportunity adjacent to the Cotati SMART Station in Sonoma County. The offering includes Phase I, planned for 173 multifamily residential units, and Phase II, with the potential for up to 150 additional units, which may be acquired individually or together. Positioned less than one mile from Sonoma State University with direct access to SMART rail service and Highway 101, the property offers investors a rare residential development opportunity in one of the North Bay's most supply-constrained housing markets.
Originally entitled for a 98-unit multifamily development, the property was substantially enhanced through the City of Cotati's 2023 update to the Santero Way Specific Plan, creating a significant transit-oriented residential opportunity adjacent to the SMART Station. The offering's phased structure provides investors with acquisition flexibility while capitalizing on direct access to regional rail service, proximity to Sonoma State University, and one of Sonoma County's most supply-constrained housing markets.
A comprehensive set of due diligence materials, including entitlement applications, development plans, engineering reports, environmental studies, legal agreements, and supporting documentation, is available upon request for qualified prospective purchasers.
HIGHLIGHTS
• Phase I: 173 Multifamily units
• Phase II: Potential for up to 150 additional residential units
• Opportunity to acquire either phase individually or the complete development
• Immediate adjacency to the Cotati SMART Station
• Less than one mile from Sonoma State University
• Direct access to Highway 101 and regional transit
• One of the North Bay's premier transit-oriented development opportunities
Investment Thesis
• Rare Development Opportunity 300-unit mixed-use development with significant entitlement work completed, reducing execution risk and accelerating the development timeline.
• Institutional-Quality Transit-Oriented Location - Adjacent to the Cotati SMART Station with immediate access to Highway 101, Sonoma State University, and the North Bay's major employment centers.
• City-Supported Redevelopment The project has benefited from significant public planning efforts and agency support, positioning it for successful execution.
• Flexible Acquisition Structure - Acquire Phase I, Phase II, or both phases together, allowing investors to tailor acquisition and development strategies.
• Compelling North Bay Housing Fundamentals - Located in a supply-constrained market supported by strong demographics, limited new housing inventory, and long-term rent growth.
• Exceptional Regional Demand Drivers - Less than one mile from Sonoma State University and positioned within a diversified employment corridor that supports sustained housing demand.