3111-3119 SANTA ROSA AVENUE, SANTA ROSA, CA
SELF-STORAGE AND MULTIFAMILY DEVELOPMENT
ACQUIRED (LAND) IN SEPTEMBER 2021

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Approximately 196,500 SF (4.51 acres) of land

Located on a busy corner of Santa Rosa Avenue, three miles south of downtown Santa Rosa and one mile from Highway 101 on and off-ramps, the property backs up to and is highly visible from Highway 101.

Joint venture development with House Properties. The initial purchase contract was signed in 2017, with closing taking place in 2021, after the bulk of the entitlement process and annexation into the City of Santa Rosa took place.

During the long escrow period, there was significant appreciation in the land value, driven by residential and self-storage demand, with covid-related issues positively impacting the desirability of living and working in the area.

Plans are to develop 85,000 square feet of storage and 48 apartment units. Two separate parcels will be created.