1042 Hopper Ave - Warehouse FOR SALE


Santa Rosa, CA 95403- Outer Santa Rosa
$2,480,000 USD
415-987-4811
1042 Hopper Ave, Santa Rosa, CA for Sale
$2,480,000 USD
Warehouse - FOR SALE
1/8
null | 6% Cap Rate

1042 Hopper Ave
Santa Rosa, CA 95403
Outer Santa Rosa


HIGHLIGHTS

  • ?New 7-year net lease with minimal landlord responsibilities
  • ?3% annual rent increases through the primary term and option
  • ?Wine Country Closures, Inc has more than 50 years of industry expertise and offers an extensive product portfolio of wine and other bottle caps
  • ?Privately owned, this company recently moved their headquarters to this building from Fairfield CA.
  • External tank area with sloped pad area & drains
  • ?Rare North Bay net lease investment opportunity located in a supply-constrained infill industrial market with high barriers to entry

OVERVIEW

To access the OM, please email Isabella Mayfield (isabella.mayfield@cushwake.com). Cushman & Wakefield is pleased to present the opportunity to acquire a recently renovated ±11,175 square foot freestanding concrete tilt-up industrial building on a ±49,096 square foot lot with on-site parking and secure yard located in Santa Rosa, California leased to Wine Country Closures, Inc.? for 7 years on a net lease basis.? 1042 Hopper Avenue is located in North Santa Rosa just west of Highway 101 (112,400 VPD) in a dense, mixed-use industrial, R&D and retail corridor between Airway Drive and Skyview Drive.? Surrounding demographics are excellent with average household income of over $125,000 and a population of nearly 184,000 within five miles.? Notable nearby tenants include Tesla, Caliber Collision, Interstate Battery Center, UPS, Nanosyn, Harbor Freight Tools, Sherwin Williams, 24 Hour Fitness, and Trader Joe’s, among many others.? Highway 101 connects Santa Rosa with the Sonoma County Airport just five miles north of the property, and to Healdsburg and the world-famous Sonoma Russian River Valley wine producing region beyond.? Five miles south of the property, State Route 12 connects Santa Rosa to the town of Sonoma, and the world-famous Napa Valley to the east.? Downtown San Francisco is one hour south of the property along Highway 101.?

FOR SALE DETAILS

PRICE

$2,480,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Newly Leased Single Tenant Industrial

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

2

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89

LAND SF

38,768

ZONING

IL

APN/PARCEL ID

015-360-050

ASK ABOUT THIS PROPERTY

Trevor BuckCushman & WakefieldMore Info
415-987-4811

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Trevor BuckCushman & WakefieldMore Info
415-987-4811

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