Santa Rosa Food Production
For Sale
Contact for pricing
Pending
3320 Industrial Dr, Santa Rosa, CA 95403
20,380 SF turnkey food production facility in Santa Rosa.
Property Size20,380 SF
Days on Market987
Property Features for 3320 Industrial Dr
General Information
Standard status
Pending
Size
20,380 SF
Property subtype
Industrial
Zoning
IL (Light Industrial)
Building Details
Year Built
1970
Year Renovated
2021
Buildings
1
Stories
1
Listing Agency:
STREAM Capital Partners
Listed By:
Dean Copans · License #CA 01784639
(650) 465-3993
Source:
Crexi
Added: Dec 21, 2023
Changed: Aug 31
Last Checked: Aug 31 at 4:06AM
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 STREAM Capital Partners
Investment Insights
Based on property information with market context.
The property at 3320 Industrial Blvd in Santa Rosa is a 20,380 square foot purpose-built food production facility. Located in the heart of Santa Rosa’s industrial corridor, the property is easily accessible from Highway 101 and surrounded by other industrial buildings. Approximately $6M was invested in the property in 2021 to create a state-of-the-art food production facility that is in turnkey as-new condition, making this an ideal plug and play opportunity for a variety of uses. The facility has been improved to maximize production and production support space.
Key Highlights
- Turnkey, state‑of‑the‑art food production facility in as‑new condition.
- Approximately $6M invested in 2021 for facility upgrades.
- 20,380 square foot purpose‑built food production facility.
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
$214,618
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
3.24%
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%
$4,292,360
$4.3M
Cap Rate 7%
$3,065,971
$3.1M
Cap Rate 9%
$2,384,644
$2.4M
Market Conditions
NOI Build-Up for 20,380 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
$320.4K $15.72/SF
− Vacancy
−$13.8K −$0.68/SF
EGI
$306.6K $15.04/SF
− OpEx
−$92.0K −$4.51/SF
NOI
$214.6K $10.53/SF
Area
Santa Rosa, CA
Vacancy
4.30%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
30.00%
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%
$4,292,360
Cap Rate 7%
$3,065,971
Cap Rate 9%
$2,384,644
Alternative Uses
Best Use
Industrial
$3.07M
$2.68M – $3.58M
NOI $214,618 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$5.66M
$4.95M – $6.61M
NOI $396,352 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,613
Businesses Nearby
Explore this area
Business Placement
Demographics for 95403, CA
44,705
Population
17,504
Households
2.6
Avg Household Size
39
Median Age
27%
College-Educated
87%
High-School Grad
21.5 sq mi
ZIP Area
2,079
Density / Sq Mi
$94,480
Median Household Income
$45,928
Median Earnings
$2,215
Median Rent
$651,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 20,380 SF turnkey food production facility in Santa Rosa.
Where is this manufacturing property located?
The property is located at 3320 Industrial Dr Santa Rosa, CA.
What is the asking price?
The asking price for this property is $6,623,500.
What are key features of this property?
This property features: Turnkey, state‑of‑the‑art food production facility in as‑new condition.; Approximately $6M invested in 2021 for facility upgrades.; 20,380 square foot purpose‑built food production facility.
