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5175 Airport Rd
Paso Robles, CA 93446
WINEDIRECT FULFILLMENT INC. DISTRIBUTION · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- State of the Art Climate Controlled Distribution Building
- WineDirect has a 53% Industry Market Share for DtC Shipped Wine Sales
- 82% Sales Margin for DtC Compared to 50% for other Online Retail Wine Sales Channels
- 16.75 Year NNN Lease with 3% Annual Rent Increases
- Direct to Consumer Sales from Wineries to Consumers (“DtC”) is the Fastest Growing Marketing/Sales Channel in the Wine Industry
- California is the #1 Ag State in the U.S.
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to offer for sale a state of the art climate controlled 194,512 sq. ft. distribution building located in Paso Robles, California. This property is 100% leased to WineDirect Inc. This company is the wine industry’s leading Direct-to-Consumer distributor of premium bottled wine for wineries with a market share over 50%. Direct-to-Consumer sales from wineries to consumers (“DtC”) is the fastest growing marketing/sales channel in the wine industry. The sales margins for winery sales via DtC is 82% versus 50% through other online retail wine sales channels. The lease term is 17.5 years and commenced January 1, 2025. The lease has 3% annual rent increases and two 5-year renewal options with continuation of the 5% annual rent increases. The lease is triple net. The concrete tilt up building will have a best in class, energy efficient climate controlled system that will keep the warehouse area at a constant 58 degrees. Paso Robles is geographically situated at the center of the California’s Central Coast agricultural region which encompasses Monterey, San Luis Obispo and Santa Barbara Counties. This region is the 4th largest agriculture area in California and the third largest wine producing region in the state.
PROPERTY FACTS
| Sale Type | Investment NNN | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2024 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | A | Clear Ceiling Height | 32’ |
| Lot Size | 9.87 AC | No. Dock-High Doors/Loading | 8 |
| Rentable Building Area | 194,512 SF | No. Drive In / Grade-Level Doors | 1 |
| Zoning | M - Industrial Acreage | ||
| Sale Type | Investment NNN |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | A |
| Lot Size | 9.87 AC |
| Rentable Building Area | 194,512 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Tenancy | Single |
| Clear Ceiling Height | 32’ |
| No. Dock-High Doors/Loading | 8 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M - Industrial Acreage |
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 025-434-002 | Improvements Assessment | $19,551,318 CAD |
| Land Assessment | $6,038,255 CAD | Total Assessment | $25,589,573 CAD |
PROPERTY TAXES
Parcel Number
025-434-002
Land Assessment
$6,038,255 CAD
Improvements Assessment
$19,551,318 CAD
Total Assessment
$25,589,573 CAD
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