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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 Market377

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 LA
Listed By: Barbara Perrier · License #CA 00969169
Source: Crexi
Added: Oct 3, 2025 Changed: Oct 1 Last Checked: Oct 12 at 5:50PM

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 LA

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 / Yr
$1,207,066
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
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
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 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 (±1% cap)
NOI $1,207,066 @ 7.0% cap · market cap 5.72%
Second Best
Industrial
$14.20M
$12.43M – $16.57M (±1% cap)
NOI $994,055 @ 7.0% cap · market cap 4.71%
Theoretical Best
Specialty Retail
$18.26M
$15.98M – $21.31M (±1% cap)
NOI $1,278,451 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Distribution centers

Suggested Use

Top Pick Dental Office Law Firm Auto Parts Store Real Estate Agency Building Supply Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

707
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
Rey
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.
(213) 613-3033 Call to check price and availability
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