Industrial Property with
3005 Wiljan Ct, Santa Rosa, CA 95407
27,827 SF industrial property with cash-flow and vacancy.
Type:Industrial
Property size:
27,827 SFLot size:
1.28 AcresPrice / SF:
$224/SF- Added:
- Jun 27, 2024
- Days on Market:
- 704
- Last Refresh:
- May 13 at 12:06 am
Property Features for 3005 Wiljan Ct
General Information
- Standard status
- Active
- Size
- 27,827 SF
- Lot size
- 1.28 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1994
Listing agent Jason Piazza License #CA 01405965
Listing office WeCannCa, Inc
Listing date Jun 27, 2024
Source Crexi
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 WeCannCa, Inc
HighLights
- High current CAP Rate of 10.6% with 3% annual increases, and a Proforma CAP Rate of 13.18% or higher.
- 11,527 SF vacant unit available for immediate occupancy, ideal for owner/user or lease‑to‑own.
- Unique lease‑to‑own opportunity with 100% of lease payments applied to the purchase price within 24 months.
- Versatile zoning allows for multiple uses including cannabis operations, fitness facilities, light manufacturing, warehousing & distribution.
- 27,827 SF building with a modern mixed‑use configuration including retail showroom/office/workshop, warehouse space, and mezzanine level.
- Ample parking with 50+ spaces and 5 roll‑up doors.
Overview
This 27,827 SF industrial property offers both cash-flow and vacancy, presenting an opportunity for increased investment or owner occupancy. The property is situated on a 1.28-acre lot and includes multiple units and over 50 parking spaces. It features 18’ clear height and five roll-up doors. A vacant unit of 11,527 SF is available for immediate occupancy. The property includes a 4,327 SF retail showroom/office/workshop space, a 4,370 SF warehouse space with a 20' clear height, and a 2,830 SF mezzanine level. The building is equipped with four restrooms (two office, two warehouse). The zoning allows for multiple uses including cannabis operations (distribution/manufacturing/retail), fitness facilities, light manufacturing, and warehousing & distribution. It also offers a lease-to-own opportunity with a 24-month purchase option where 100% of lease payments are applied to the purchase price. The property has 1,000 AMPs, buyer to verify.
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 | $427.4k | $15.36 |
| − Vacancy | −$17.5k | −$0.63 |
| EGI | $409.9k | $14.73 |
| − OpEx | −$61.5k | −$2.21 |
| NOI | $348.4k | $12.52 |
27,827 SF · lease $15.36/SF/yr · vacancy 4.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.98M
$4.36M – $5.81M
NOI $348,414 @ 7.0% cap · market cap 5.57%
Second Best
Retail
$4.33M
$3.79M – $5.05M
NOI $303,043 @ 7.0% cap · market cap 4.85%
Theoretical Best
Multifamily LT 5
$7.73M
$6.76M – $9.02M
NOI $541,182 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Level
Industrial Manufacturer
Duracite - Santa Rosa ...
Kitchen & Bath Showroom
Location Insight
- Map
- Local Demand
- City
- Santa Rosa
- County
- Sonoma
- State
- California
- Longitude
- -122.7203287
- Latitude
- 38.4042309
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - 27,827 SF industrial property with cash-flow and vacancy.
Where is this flex space located?
The property is located at 3005 Wiljan Ct Santa Rosa, CA.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: High current CAP Rate of 10.6% with 3% annual increases, and a Proforma CAP Rate of 13.18% or higher.; **11,527 SF vacant unit available for immediate occupancy**, ideal for owner/user or lease‑to‑own.; **Unique lease‑to‑own opportunity with 100% of lease payments applied to the purchase price within 24 months.**
