1341-1353 Redwood Way, Petaluma, CA 94954
57,174 SF | 94% Leased | Flex Building | Petaluma, CA 94954 | $9,500,000 ($166/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 7 days
Asking Price $9,500,000
- Property Type
-
Industrial
- Price / Square Foot
- $166
Listing Contacts
Whitney Strotz
Verified Profile
Trevor Buck
Verified Profile
Brian Foster
Verified Profile
Steven Leonard
Verified Profile
Drew Soltis
Verified Profile
- Property Info
Property 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.
Property Details
- Class
- B
- Year Built
- 1988
- Stories
- 1
- Property Subtype
- Flex
- Lot Size (sq. ft)
- 126,324 SF
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