1341 Redwood Way Petaluma, CA 94954-6544

This exceptional investment opportunity presents a 57,174 square foot, multi-tenant industrial property located at 1341-1359 Redwood Way, Petaluma, CA 94954. The property, built in 1988 and renovated in 2024, boasts a 7.21% cap rate and a strong NOI of $685,018. Currently 94% occupied by eight tenants across nine units, this Class B building offers a diverse tenant mix including showroom, industrial, office, and fitness uses. The property features one loading dock with six dock-high doors, ample parking (3.8 spaces per 1,000 sq ft), and is zoned PCD - Planned Community Development. Situated less than a quarter mile from US 101 and one mile from the new SMART Train station, the property benefits from excellent access to major transportation routes and a wealth of nearby amenities, including a hotel and extensive retail options. Recent improvements include a parking lot slurry seal and striping, and the single vacancy has been updated to current industrial standards. An existing condo map with ten condo units provides future flexibility for potential individual unit sales. The asking price is $9,500,000, translating to $166.16 per square foot. Rent bumps are in place. This stabilized investment offers a compelling combination of strong cash flow, convenient location, and future development potential.