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5555 Broadway 86,366 SF 100% Leased Industrial Building American Canyon, CA 94503 $19,167,573 CAD ($221.93 CAD/SF) 6% Cap Rate
Investment Highlights
- Situated in a highly visible location with ±425 feet of frontage along Highway 29
- Less than an hour drive from Oakland International Airport and San Francisco International Airport
- Exceptional signage opportunities
- Approximately $1,000,000 of recent capital improvements
Executive Summary
SINGLE TENANT NET-LEASED TEMPERATURE CONTROLLED DISTRIBUTION WAREHOUSE WITH IN-PLACE INCOME & EXCESS LAND FOR DEVELOPMENT
* Rare opportunity to acquire an attractive STNL temperature-controlled industrial property that is 95% leased, has a WALT of 4.4 years, and has ±4,224 SF of interior
space available in addition to approximately 2.5 acres of available excess leasable yard.
* The tenant, Depot 3PL has expanded within the subject property and is a growing company that provides logistics and fulfillment solutions for the wine and spirits industries who needs the temperature-controlled warehouse space offered by the subject property.
* The property is uniquely positioned to provide utility and flexibility. Not only is the site rail-served (upon activation), but the ±3 acres of excess rear yard can be
separately parceled and developed into a ±37,500 SF warehouse, providing a buyer with a myriad of options.
* Approximately $1,000,000 of capital improvements have recently been made to the property resulting in limited future CapEx requirements for a new owner. These
improvements include parking lot repairs, new signage, fire sprinkler installation, HVAC replacement/repair, new painting, exterior lighting, rear yard smoothing 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.
* Rare opportunity to acquire an attractive STNL temperature-controlled industrial property that is 95% leased, has a WALT of 4.4 years, and has ±4,224 SF of interior
space available in addition to approximately 2.5 acres of available excess leasable yard.
* The tenant, Depot 3PL has expanded within the subject property and is a growing company that provides logistics and fulfillment solutions for the wine and spirits industries who needs the temperature-controlled warehouse space offered by the subject property.
* The property is uniquely positioned to provide utility and flexibility. Not only is the site rail-served (upon activation), but the ±3 acres of excess rear yard can be
separately parceled and developed into a ±37,500 SF warehouse, providing a buyer with a myriad of options.
* Approximately $1,000,000 of capital improvements have recently been made to the property resulting in limited future CapEx requirements for a new owner. These
improvements include parking lot repairs, new signage, fire sprinkler installation, HVAC replacement/repair, new painting, exterior lighting, rear yard smoothing 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.
Property Facts
| Price | $19,167,573 CAD | Lot Size | 7.01 AC |
| Price Per SF | $221.93 CAD | Rentable Building Area | 86,366 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 6% | Year Built | 1978 |
| Property Type | Industrial | Clear Ceiling Height | 23’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 7 |
| Building Class | B | No. Drive In / Grade-Level Doors | 5 |
| Zoning | LI - Light Industrial | ||
| Price | $19,167,573 CAD |
| Price Per SF | $221.93 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 6% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 7.01 AC |
| Rentable Building Area | 86,366 SF |
| No. Stories | 1 |
| Year Built | 1978 |
| Clear Ceiling Height | 23’ |
| No. Dock-High Doors/Loading | 7 |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | LI - Light Industrial |
Amenities
- Fenced Lot
- Mezzanine
- Signage
- Yard
- Air Conditioning
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Property Taxes
| Parcel Number | 057-130-018 | Improvements Assessment | $13,790,669 CAD |
| Land Assessment | $7,877,422 CAD | Total Assessment | $21,668,091 CAD |
Property Taxes
Parcel Number
057-130-018
Land Assessment
$7,877,422 CAD
Improvements Assessment
$13,790,669 CAD
Total Assessment
$21,668,091 CAD
Contacts
-
Matt Post -
Brooks Pedder -
Tony Binswanger -
Anthony DeLorenzo -
Sammy Cemo -
Nick Williams -
CBRE, Inc.
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5555 Broadway
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