5555 Broadway St
STNL Temperature Controlled Distribution Warehouse w/ In-Place Income | Napa County
Marketing description
IDEAL LOCATION WITHIN NAPA COUNTY
►The property is situated in a highly visible location with ±425 feet of frontage along Highway 29 with great signage and ingress/egress.
►The property is located less than an hour drive from Oakland International Airport and San Francisco International Airport, and less than a 20-minute drive from central Napa, home to more than ±400 wineries, and about an hour drive from nearby seaports and intermodal railyards.
►American Canyon sits at the southern edge of Napa County and has one of the lowest vacancy rates in California at 1.2%. Industrial rents in Napa County have grown 31% over the past 5 years. The market’s consistent tenant demand, limited inventory and high barriers to entry for new development ensure that rental rates are poised to continue to rise.
Investment highlights
SINGLE TENANT NET-LEASED TEMPERATURE-CONTROLLED DISTRIBUTION WAREHOUSE WITH IN-PLACE INCOME & EXCESS LAND FOR DEVELOPMENT
• Rare opportunity to acquire an attractive STNL temperature-controlled industrial property that is 95% leased, has a WALT of 4.4 years, and has ±4,224 SF of interior space available in addition to approximately 2.5 acres of available excess leasable yard.
• The property is uniquely positioned to provide utility and flexibility. Not only is the site rail-served (upon activation), but the ±3 acres of excess rear yard can be separately parceled and developed into a ±37,500 SF warehouse, providing a buyer with a myriad of options.
• The tenant, Depot 3PL, is a growing company that provides logistics and fulfillment solutions for the wine and spirits industries who needs the temperature-controlled warehouse space offered by the subject property.
• Approximately $1,000,000 of capital improvements have recently been made to the property resulting in limited future CapEx requirements for a new owner. These improvements include parking lot repairs, new signage, fire sprinkler installation, HVAC replacement/repair, new painting, exterior lighting, rear yard smoothing and overlay, interior LED lighting upgrades, grade-level door repairs, etc.
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