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    Santa Rosa Warehouse For Sale Title is generated by Realmo AI

    2321-2329 Circadian Way, Santa Rosa, CA

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    54,529 SF warehouse in Santa Rosa's Northpoint Corporate Center.

    Type:INDUSTRIAL
    Property size:
    54,529 SF
    Lot size:
    3.17 Acres
    Price / SF:
    $249/SF
    Added:
    Sep 11, 2023
    Days on Market:
    1009
    Last Refresh:
    May 20 at 9:05 pm

    Property Features for 2321-2329 Circadian Way

    General Information

    Standard status
    Active
    Size
    54,529 SF
    Lot size
    3.17 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 2321-2329 Circadian Way Contact us

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    Listing Contact
    Barry Palma
    Barry Palma

    Listing agent Barry Palma

    Listing office Newmark | San Rafael

    Listing date Sep 11, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Newmark | San Rafael

    HighLights

    • Large Land Area: ±137,300 SF
    • Ample Parking: 157 spaces
    • High Power Capacity: PG&E 1,600 amps, 277/480, 3‑phase power
    • Zoned BP, Business Park Zoning
    • High Clear Height: 25’
    • Concrete Tilt‑Up Construction

    Overview

    This property, constructed in 1997, is located within the Northpoint Corporate Center. The building offers 54,529 square feet of space and is situated on a land area of approximately 137,300 square feet. The building features concrete tilt-up construction and a built-up roof on 1/2" plywood sheets. The warehouse has a clear height of 25 feet and a 5-inch concrete slab. It includes 157 parking spaces. The property is zoned BP: Business Park. It is equipped with PG&E providing 1,600 amps of 277/480, 3-phase power. Water and sewer services are provided by the City of Santa Rosa. The property includes HVAC. Building 2329 is currently used for wine storage.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $837.6k $15.36
    − Vacancy −$34.3k −$0.63
    EGI $803.2k $14.73
    − OpEx −$120.5k −$2.21
    NOI $682.7k $12.52
    54,529 SF · lease $15.36/SF/yr · vacancy 4.10% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $9.75M
    $8.53M – $11.38M (±1% cap)
    NOI $682,741 @ 7.0% cap · market cap 5.01%
    Second Best
    Industrial
    $8.20M
    $7.18M – $9.57M (±1% cap)
    NOI $574,236 @ 7.0% cap · market cap 4.21%
    Theoretical Best
    Multifamily LT 5
    $15.15M
    $13.26M – $17.67M (±1% cap)
    NOI $1,060,485 @ 7.0% cap · market cap 7.78%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Traditional Medicinals — 975 Corporate Center Pkwy suite 140B, Santa Rosa, CA 95407
    • Southpoint Self Storage — 700 Lombardi Ct, Santa Rosa, CA 95407
    • American Mini Storage — 700 Lombardi Ct, Santa Rosa, CA 95407

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa
    County
    Sonoma
    State
    California
    Longitude
    -122.755
    Latitude
    38.4217

    FAQs

    What type of property is this?
    Warehouse - 54,529 SF warehouse in Santa Rosa's Northpoint Corporate Center.
    Where is this warehouse located?
    The property is located at 2321-2329 Circadian Way Santa Rosa, CA.
    What is the asking price?
    The asking price for this property is $13,632,000.
    What are key features of this property?
    This property features: Large Land Area: ±137,300 SF; Ample Parking: 157 spaces; High Power Capacity: PG&E 1,600 amps, 277/480, 3‑phase power
    (707) 484-1948 Call to check price and availability
    More about this property
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