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3005 Wiljan Ct

27,827 SF 59% Leased Industrial Building Santa Rosa, CA 95407 $6,250,000 ($225/SF) 8.80% Cap Rate

Investment Highlights

  • Strong Existing Tenant
  • 3,500 SF Mezzanine Included in RSF
  • 11,527 SF Available For Owner/User or New Tenant
  • Let's Make A Deal

Executive Summary

WeCann is proud to present this unique opportunity to acquire a 27,827 SF industrial property with strong cash-flow and vacancy for increased investment or owner occupant. The existing tenant is a well-positioned cannabis manufacturer with a proven track record of maintaining profitability in a competitive market, and which has maintained clockwork payments of monthly rent and operating expenses. The vacant unit has city approval for a cannabis micro-business. A buyer may either increase cash-flow through a new lease or occupy the unit.
Property Highlights:
27,827 SF Building | 11,527 SF Vacant
1.28 Acre Lot
Multiple Units
50+ Parking Spaces
1,000 AMPs – buyer to verify
18’ Clear Height
5 Roll-Up Doors
Financial Summary:
Regardless what a buyer is looking to accomplish, this property is a safe bet due to the strong existing tenant – a multi-state cannabis operator. An owner-occupant may occupy the 11,527 SF vacant unit and maintain a strong 8.8% CAP rate, or lease the building to a new operator which, depending on the use, can increase CAP returns up to 11.38% based on the asking price of $6,250,000.

Financial Summary (Pro forma - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2025) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $6,250,000
Price Per SF $225
Sale Type Investment or Owner User
Cap Rate 8.80%
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Showroom
  • Industrial Warehouse
Building Class B
Lot Size 1.28 AC
Rentable Building Area 27,827 SF
No. Stories 1
Year Built 1994
Parking Ratio 1.8/1,000 SF
Clear Ceiling Height 18 FT
No. Drive In / Grade-Level Doors 5

Amenities

  • 24 Hour Access
  • Commuter Rail
  • Courtyard
  • Security System
  • Skylights
  • Yard
  • Fluorescent Lighting
  • Air Conditioning

Utilities

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
043-220-006
Land Assessment
$1,313,973 (2023)
Improvements Assessment
$4,516,833 (2023)
Total Assessment
$5,830,806 (2023)

zoning

Zoning Code IL, Santa Rosa (Light Industrial)
IL, Santa Rosa (Light Industrial)
  • Listing ID: 32262807

  • Date on Market: 6/26/2024

  • Last Updated:

  • Address: 3005 Wiljan Ct, Santa Rosa, CA 95407

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