21881 8th St E 2 biens • Industriel • À vendre 4 117 964 $ CAD • Sonoma, CA

CALL FOR OFFERS OCTOBER 17, 2025
21881 & 21889 8th Street East is a rare investment in that the asset appeals to two divergent investor profiles: owner-user AND add-value. For the add-value investor, profit comes in the form of reconstructing the improvements on the existing concrete pad, on which 21885 8th Street East, a sister building to 21881 & 21889 8th Street East, was formerly located. 21885 8th Street East, an essentially identical building to the remaining two buildings, was lost to a fire. All water, septic, and electrical are to the site, and the foundation remains intact and ready to receive its replacement metal/Butler-type improvements of 8,750 sq. ft., increasing the total gross leasable area from 17,500 sq. ft. currently, to 26,250 sq. ft. With the site construction ready for the new metal structure, the development costs will be low yet still achieve today’s market-correct triple-net, or modified gross levels for equivalent structures. A pro forma redevelopment model is included in this offering.
For the owner-user of 21881 & 21889 8th Street East, the property will offer lower and fixed occupancy costs at a sizable discount over prevailing lease rates. When including benefits such as annual depreciation and annual principal reduction of the SBA-504 loan, an owner-user can purchase the subject property and occupy one of the two buildings, leasing the other and lower its occupancy costs to a mere fraction of leasing equivalent space.