Jones Lang LaSalle Brokerage, Inc. (“JLL”), as exclusive advisor, is pleased to present a rare and outstanding opportunity to acquire a 100% fee-simple interest in 201 1st Street (“Waterfront Office Building”), located in the Northern California city of Petaluma. The Property is a three-story Class “A” office building totaling 47,063 RSF, situated along the scenic Petaluma River and currently 97% leased to ten well-established tenants. The asset is located in the heart of Petaluma’s thriving Downtown Theatre District, which continues to experience strong growth, vitalization and very low vacancy. Petaluma’s growth is being driven by an influx of young families moving to the area to take advantage of its high quality of life attributes and abundance of new housing developments, at more affordable price points than its neighboring counties. This demographic shift has energized downtown Petaluma, with new residents supporting local retailers, restaurants, and service businesses. In addition to further anticipated population and rent growth, the current downtown Petaluma office vacancy rate of approximately 8.5% demonstrates extraordinary market health and tenant demand. The Property benefits from its waterfront location, immediate adjacency to the Theatre District’s shopping, dining, and fitness amenities, and convenient access to the nearby 532-stall public parking garage. The impeccably maintained building also features abundant natural light, river views, and is a short three-minute walk to the Downtown Petaluma SMART station, connecting tenants throughout the North Bay and to San Francisco via ferry service.