1341-1353 Redwood Way - Flex FOR SALE


Petaluma, CA 94954- Greater Petaluma
$9,500,000 USD
415-451-2406
1341-1353 Redwood Way, Petaluma, CA for Sale
$9,500,000 USD
Flex - FOR SALE
1/7
null | 7% Cap Rate

1341-1353 Redwood Way
Petaluma, CA 94954
Greater Petaluma


OVERVIEW

1341-1359 Redwood provides an opportunity to purchase a 94% leased light industrial/flex building in the Redwood Way Business Park located in Petaluma, California. The building contains a broad base of local, in-demand businesses including showroom, industrial, office and fitness tenants. The property is located less than a 1/4 mile from US 101 and is surrounded by extensive retail and service amenities, including a hotel, and is 1 mile from the new SMART Train stop. The property was recently upgraded with a parking-lot slurry seal and striping. The only vacancy has been refreshed to industrial space standards. 1341-1359 Redwood is designed to provide rollup doors in the rear of the property and is equipped with one dock-high loading door and ramp that can be shared amongst the tenants. In addition, the property has an existing condo map in place with 10 condo units providing future flexibility for sales of the building as individual units.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$166 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Redwoods

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

UTILITIES

-

CLEAR CEILING HT

17.5 Ft

DOCKS

1

DRIVE INS

4

PARKING SPACES

242

LAND DETAILS

LAND ACRES

2.9

LAND SF

126,324

ZONING

CITYPE

APN/PARCEL ID

137-160-001,137-160-002,137-160-003,137-160-004,137-160-005,137-160-006,137-160-007,137-160-008,137-160-009,137-160-010

ASK ABOUT THIS PROPERTY

Whitney StrotzCushman & WakefieldMore Info
415-451-2406

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Whitney StrotzCushman & WakefieldMore Info
415-451-2406

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.