5175 Airport Rd, Paso Robles, CA 93446

Cushman & Wakefield is pleased to offer for sale a state of the art climate controlled 194,512 sq. ft. distribution building located in Paso Robles, California. This property is 100% leased to WineDirect Inc. This company is the wine industry’s leading Direct-to-Consumer distributor of premium bottled wine for wineries with a market share over 50%. Direct-to-Consumer sales from wineries to consumers (“DtC”) is the fastest growing marketing/sales channel in the wine industry. The sales margins for winery sales via DtC is 82% versus 50% through other online retail wine sales channels. The lease term is 17.5 years and commenced January 1, 2025. The lease has 3% annual rent increases and two 5-year renewal options with continuation of the 5% annual rent increases. The lease is triple net. The concrete tilt up building will have a best in class, energy efficient climate controlled system that will keep the warehouse area at a constant 58 degrees. Paso Robles is geographically situated at the center of the California’s Central Coast agricultural region which encompasses Monterey, San Luis Obispo and Santa Barbara Counties. This region is the 4th largest agriculture area in California and the third largest wine producing region in the state.