3286 AIRWAY DRIVE, SANTA ROSA, CA
VALUE-ADD AND INFILL INDUSTRIAL
ACQUIRED IN MAY 2021

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32,240 SF warehouse on 87,991 SF (2.02 acres) of land; 37% coverage

Located in a desirable industrial area very close to Highway 101, 5-10 minutes from downtown Santa Rosa, 10-15 minutes from the Sonoma County Airport (commercial) and 60 miles and a 1-hour drive from San Francisco.

Purchase price was discounted due to Seller/Tenant’s desire to remain in the building at no cost for several months after close of escrow.

Leasing effort commenced immediately upon purchase. After one year of vacancy, Tesla signed a 10-year lease to occupy the entire property.

Santa Rosa is a growing city of 175,000 residents and with Sonoma County at approximately 500,000. Covid served to strengthen the market in terms of both residential and commercial real estate demand, particularly the warehouse market. The ability to work remotely and commute less frequently to the Bay Area has helped bolster this locale.