*https://www.ipsocal.com/properties/5555broadwayst/* RARE TEMPERATURE CONTROLLED DISTRIBUTION WAREHOUSE WITH IN-PLACE INCOME & EXCESS LAND FOR DEVELOPMENT * Perfect opportunity to acquire an attractive air-conditioned industrial property that is 62.7% leased and has ±32,231 SF available, allowing an owner-user a lease-savings trade-off given the in-place income, depreciation write-off, principal paydown and building appreciation. Over a 10-year period, a user could save almost $4,300,000 by purchasing this property as opposed to leasing it. * The property is uniquely positioned to provide utility and flexibility to an owner-user or investor. Not only is the site rail-served (upon activation), but the ±3 acres of excess yard can be separately parceled and developed into a 37,500 SF warehouse, providing a buyer with a myriad of options (expanding into the additional warehouse space; selling the rear parcel to a third-party; using the rear yard for outdoor storage for the time being; leasing the rear yard for additional income, etc.). * Due to the new leasing, the only vacant warehouse unit is 28,007 SF, which is an ideal size for attracting tenants in the market. The vacant suite was previously used for conditioned wine storage and offers many desirable features including roof and wall insulation, six refrigeration cooling units, and 1,701 SF of office space. * Nearly $1,000,000 of capital improvements have been made to the property within the past 24 months resulting in limited future CapEx requirements for a new owner. These improvements include parking lot repairs, new signage, new painting, exterior lighting, rear yard leveling and overlay, interior LED lighting upgrades, grade-level door repairs, etc. IDEAL LOCATION WITHIN NAPA COUNTY * The property is situated in a highly visible location with ±425 feet of frontage along Highway 29 with great signage and ingress/egress. * The property is located less than an hour drive from Oakland International Airport and San Francisco International Airport, and less than a 20-minute drive from central Napa, home to more than ±400 wineries, and about an hour drive from nearby seaports and intermodal railyards. * American Canyon sits at the southern edge of Napa County and has one of the lowest vacancy rates in California at 1.2%. Industrial rents in Napa County have grown 31% over the past 5 years. The market’s consistent tenant demand, limited inventory and high barriers to entry for new development ensure that rental rates are poised to continue to rise. ============== • ±56,504SF Total • ±49,120 SF warehouse • ±7,384 SF two-story office • Ground Floor (±3,160 SF): Three (3) private offices, conference room, open bullpen, lobby, breakroom • 2nd Floor (±4,224 SF): Currently multitenant w/ MTM leases, 10 suites with shared restrooms • Prior Use: Conditioned wine storage • Ten (10) 7.5-ton rooftop air conditioning units • Night air cooling system • R-19 roof insulation + spray on wall insulation • ±1,000 Amps, 120/208v, 3-phase • Sprinklered: 0.29/2,000 SF • Rail access along southern side of building w/ grade level door • Three (3) Grade Level Doors • Seven (7) Dock High Doors (21’ x 14’), with 3 mechanical dock levelers • Min clear: ±23’6” 26’6 (center deck) • Column Spacing ±23’ deep & 83’ wide