1054 North Dutton Avenue, Santa Rosa, CA
Value-Add and Infill Industrial
Acquired in December 2017
16,000 SF of adjacent metal warehouses on 26,920 SF (0.62 acres) of land; 54% coverage
Strategically located less than 1/2 mile from Highway 101 and one mile from downtown Santa Rosa. Across the street from BoDean Company asphalt plant, which we expect will be redeveloped into a residential/mixed use project in coming years.
Extensively renovated the property after purchase. Work included walls and bathrooms to create two separate units as well as mezzanine demolition and environmental cleanup.
After repositioning, property is now 100% leased to two tenants.
Santa Rosa and surrounding North Bay markets have experienced a surge in demand for industrial space, leading to low vacancies, strong rental rate growth, and with still limited supply growth, particularly within infill locations.