New Industrial Facility For
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5000 Dowdell Avenue, Rohnert Park, CA 94927
Class A industrial facility in Sonoma County market.
Property Size67,399 SF
Price / SF$313.06
Days on Market333
Property Features for 5000 Dowdell Avenue
General Information
Standard status
Active
Size
67,399 SF
Class
A
Total Parking Spaces
154
Property subtype
Industrial
Zoning
IL
Occupancy
100%
Investment Type
Core
Net Operating Income
$1,235,626
Building Details
Year Built
2024
Buildings
1
Tenancy
Multi
Listing Agency:
CBRE - San Francisco
(213) 613-3033
Listed By:
Rebecca Perlmutter Finkel · License #CA 01838624
Source:
Crexi
Added: Oct 3, 2025
Changed: Aug 14
Last Checked: Aug 31 at 1:11AM
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 CBRE - San Francisco
Investment Insights
Based on property information with market context.
A Class A industrial facility, constructed in 2024, is available for purchase. The property has a total area of 67,399 square feet and features ample dock-high loading. There are 154 parking spaces available. The property includes 22,497 square feet of excess yard space. The property is fully leased to Restaurant Depot and Rivian, with a weighted average lease term of 7.7 years and below-market rental rates. Restaurant Depot pre-leased the space. The property is strategically located with immediate proximity to Highway 101, providing access to San Francisco, the Central Valley, Sacramento, San Jose, and Oakland within two hours.
Key Highlights
- Brand new (2024) Class A industrial facility totaling 67,399 SF.
- 100% leased to Restaurant Depot and Rivian (Nasdaq: RIVN) with 7.7 years of WALT.
- Below market rents.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,207,066
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$24,141,320
$24.1M
Cap Rate 7%
$17,243,800
$17.2M
Cap Rate 9%
$13,411,844
$13.4M
Market Conditions
NOI Build-Up for 67,399 SF
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.
Gross rent
$1.53M $22.68/SF
− Vacancy
−$108.5K −$1.61/SF
EGI
$1.42M $21.07/SF
− OpEx
−$213.0K −$3.16/SF
NOI
$1.21M $17.91/SF
Area
Sonoma County, CA
Vacancy
7.10%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$24,141,320
Cap Rate 7%
$17,243,800
Cap Rate 9%
$13,411,844
Alternative Uses
Best Use
Warehouse
$17.24M
$15.09M – $20.12M
NOI $1,207,066 @ 7.0% cap · market cap 5.72%
Second Best
Industrial
$14.20M
$12.43M – $16.57M
NOI $994,055 @ 7.0% cap · market cap 4.71%
Theoretical Best
Specialty Retail
$18.26M
$15.98M – $21.31M
NOI $1,278,451 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Class A industrial facility in Sonoma County market.
Where is this distribution center located?
The property is located at 5000 Dowdell Avenue Rohnert Park, CA.
What is the asking price?
The asking price for this property is $21,100,000.
What are key features of this property?
This property features: Brand new (2024) Class A industrial facility totaling 67,399 SF.; 100% leased to Restaurant Depot and Rivian (Nasdaq: RIVN) with 7.7 years of WALT.; Below market rents.
