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400 Morris St 23,690 SF 100% Leased Industrial Building Sebastopol, CA 95472 $9,650,174 CAD ($407.35 CAD/SF) 5.87% Cap Rate
Investment Highlights
- Excellent industrial multi-tenant opportunity totaling 23,690 SF on a 1.48-acre site, offering flexible space for production, office, & service uses.
- Home to long-established local manufacturing and professional service businesses, providing varied income streams and a strong community presence.
- Supporting a mix of industrial, creative office, and service tenants, ideal for those seeking versatile space in Sonoma County’s employment base.
- Situated in Sebastopol, a dynamic North Bay market known for its creative economy, wine-country tourism, and light industrial/commercial growth.
- Proximity to downtown amenities, regional highways, and surrounding business services enhances tenant appeal and future lease-up potential.
Executive Summary
400 Morris Street is a 23,690-square-foot multi-tenant industrial warehouse situated on 1.48 acres, uniquely positioned adjacent to The Barlow dining and entertainment district. This exceptional property combines functional industrial space with premium lifestyle amenities, making it ideal for both owner/users seeking a distinctive corporate campus and investors targeting durable cash flow in a supply-constrained submarket.
Built in 1988 with 20-foot clear heights, the property features multiple semi-truck loading doors, excellent parking (2.0/1,000 SF), and recent capital improvements, including new insulation. The building offers a diverse tenant profile, including a long-term lease providing stable in-place income, and flexible delivery options that allow the property to be delivered partially or fully vacant to accommodate buyer requirements.
The strategic location offers unmatched employee amenities via The Barlow’s restaurants, retail, and entertainment venues, along with strong regional connectivity through SMART Rail (11 minutes) and Sonoma County Airport (21 minutes). This represents a rare opportunity to acquire a well-located industrial asset with optionality for both investment and owner/user strategies in the Sebastopol market.
Built in 1988 with 20-foot clear heights, the property features multiple semi-truck loading doors, excellent parking (2.0/1,000 SF), and recent capital improvements, including new insulation. The building offers a diverse tenant profile, including a long-term lease providing stable in-place income, and flexible delivery options that allow the property to be delivered partially or fully vacant to accommodate buyer requirements.
The strategic location offers unmatched employee amenities via The Barlow’s restaurants, retail, and entertainment venues, along with strong regional connectivity through SMART Rail (11 minutes) and Sonoma County Airport (21 minutes). This represents a rare opportunity to acquire a well-located industrial asset with optionality for both investment and owner/user strategies in the Sebastopol market.
Property Facts
| Price | $9,650,174 CAD | Lot Size | 1.50 AC |
| Price Per SF | $407.35 CAD | Rentable Building Area | 23,690 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.87% | Year Built | 1988 |
| Property Type | Industrial | Parking Ratio | 2/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 24’ |
| Building Class | C | ||
| Zoning | M | ||
| Price | $9,650,174 CAD |
| Price Per SF | $407.35 CAD |
| Sale Type | Investment |
| Cap Rate | 5.87% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.50 AC |
| Rentable Building Area | 23,690 SF |
| No. Stories | 1 |
| Year Built | 1988 |
| Parking Ratio | 2/1,000 SF |
| Clear Ceiling Height | 24’ |
| Zoning | M |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 004-011-068 | Improvements Assessment | $2,449,634 CAD |
| Land Assessment | $653,219 CAD | Total Assessment | $3,102,853 CAD |
Property Taxes
Parcel Number
004-011-068
Land Assessment
$653,219 CAD
Improvements Assessment
$2,449,634 CAD
Total Assessment
$3,102,853 CAD
Contacts
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James Kilpatrick -
Seth Hubbert -
Damon Gerstein -
Tim Marshall -
Ian Cruda -
NAI Northern California
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400 Morris St
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