Newly Leased Single Tenant Industrial
Sonoma County Industrial | Excellent Demographics | High VPDs
Marketing description
Cushman & Wakefield is pleased to present the opportunity to acquire a recently renovated ±11,175 square foot freestanding concrete tilt-up industrial building on a ±49,096 square foot lot with on-site parking and secure yard located in Santa Rosa, California leased to Wine Country Closures, Inc. for 7 years on a net lease basis.
1042 Hopper Avenue is located in North Santa Rosa just west of Highway 101 (112,400 VPD) in a dense, mixed-use industrial, R&D and retail corridor between Airway Drive and Skyview Drive. Surrounding demographics are excellent with average household income of over $125,000 and a population of nearly 184,000 within five miles. Notable nearby tenants include Tesla, Caliber Collision, Interstate Battery Center, UPS, Nanosyn, Harbor Freight Tools, Sherwin Williams, 24 Hour Fitness, and Trader Joe’s, among many others. Highway 101 connects Santa Rosa with the Sonoma County Airport just five miles north of the property, and to Healdsburg and the world-famous Sonoma Russian River Valley wine producing region beyond. Five miles south of the property, State Route 12 connects Santa Rosa to the town of Sonoma, and the world-famous Napa Valley to the east. Downtown San Francisco is one hour south of the property along Highway 101.
Investment highlights
- New 7-year net lease with minimal landlord responsibilities
- 3% annual rent increases through the primary term and option
- Wine Country Closures, Inc has more than 50 years of industry expertise and offers an extensive product portfolio of wine and other bottle caps and corks.
- Privately owned, this company recently moved their headquarters to this building from Fairfield CA.
- Rare North Bay net lease investment opportunity located in a supply-constrained infill industrial market with high barriers to entry and limited competing product.
- Location of the property is near company’s clients, supporting long-term occupancy and strong retention.
- Recent capital improvements, including a new roof, HVAC, landscaping, resurfaced parking, code compliant structural upgrade and upgraded interior finishes, reduce near-term capital expenditure risk.
- Enclosed yard equipped with dedicated parking area.
- Strong surrounding demographics with average household incomes exceeding $125,000 and approximately 184,000 residents within a five-mile radius.
- Strategically located just off U.S. Highway 101, providing excellent regional connectivity.
- The surrounding area is anchored by national and regional tenants including Tesla, UPS, Trader Joe’s, and others.
- Located approximately six minutes from Charles M. Schulz–Sonoma County Airport and within a one-hour drive of San Francisco, offering strong regional accessibility.
- The investment may qualify for accelerated depreciation through cost segregation, providing potential tax advantages and enhanced after-tax returns (buyer to verify).
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