3005 Wiljan Ct Santa Rosa, CA 95407

Property Details for 3005 Wiljan Ct

Year built

1994

Construction

TILT-UP CONCRETE

Lot size

1.28 lot acres

Property size

27,827 SF

Property type

Warehouses

APN

043-220-006-000

APU

43220006000

Description

This exceptional Santa Rosa industrial property, located at 3005 Wiljan Ct, offers a compelling investment opportunity. The 27,827-square-foot building sits on a 1.28-acre lot and features a single, 1994-built structure with five units. Currently operating under a net lease with one tenant, the property boasts a strong 8.81% cap rate, generating a net operating income (NOI) of $550,332. The pro-forma NOI is projected at $757,818, reflecting a potential 12.13% pro-forma cap rate. The asking price is $6,250,000, translating to $224.60 per square foot and $1,250,000 per unit. The property includes five loading docks, an 18-foot clear ceiling height, and ample parking. Currently, 60% of the space is occupied, with the occupancy date for the remaining space set for June 27, 2024. The existing tenant is a well-established cannabis manufacturer. The vacant 11,527 square foot unit has city approval for a cannabis micro-business, presenting an opportunity for increased income through leasing or owner-occupancy. The property's strong existing tenant and potential for future growth make it an attractive investment for both owner-users and investors seeking high returns. The property's features include 1,000 AMPs (buyer to verify). The property's APN is 043-220-006 and is located in Sonoma County, CA, zip code 95407.

Location Insight

City

Santa Rosa

County

Sonoma

State

California

Longitude

-122.72

Latitude

38.4042

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments