5555 Broadway

RARE OWNER-USER TEMPERATURE CONTROLLED DISTRIBUTION WAREHOUSE WITH IN-PLACE INCOME
* Perfect opportunity to acquire an attractive air-conditioned industrial property that is 32% leased and has ±58,359 SF available, allowing an owner-user a lease-savings trade-off given the in-place income, depreciation write-off, principal paydown and building appreciation. Over a 10-year period, a user could save over $3,500,000 by purchasing this property as opposed to leasing it.
* The property is uniquely positioned to provide utility and flexibility to an owner-user. Not only is the site rail-served (upon activation), but the ±3 acres of excess yard is approved for shallow-bay development and provides an owner-user with the option of using the yard for their own business or leasing out the yard for additional income.
* The ±56,504 SF vacant suite was previously used for conditioned wine storage and offers many desirable features including roof and wall insulation, rooftop HVAC units, a night air cooling system, front loading with 3 GL doors and 7 recessed docks, ±23’6” minimum clear height, sprinklers, rail service, and a two-story office space that only comprises 13.2% of the suite's area, thereby maximizing warehouse square footage.
* Nearly $500,000 of capital improvements have been made to the property within the past 24 months resulting in limited future CapEx requirements for a new owner. These improvements include parking lot repairs, new signage, new painting, exterior lighting, rear yard leveling and overlay, interior LED lighting upgrades, grade-level door repairs, etc.

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.
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• ±56,504SF Total
• ±49,120 SF warehouse
• ±7,384 SF two-story office
• Ground Floor (±3,160 SF): Three (3) private offices, conference room, open bullpen, lobby, breakroom
• 2nd Floor (±4,224 SF): Currently multitenant w/ MTM leases, 10 suites with shared restrooms
• Prior Use: Conditioned wine storage
• Ten (10) 7.5-ton rooftop air conditioning units
• Night air cooling system
• R-19 roof insulation + spray on wall insulation
• ±1,000 Amps, 120/208v, 3-phase
• Sprinklered: 0.29/2,000 SF
• Rail access along southern side of building w/ grade level door
• Three (3) Grade Level Doors
• Seven (7) Dock High Doors (21’ x 14’), with 3 mechanical dock levelers
• Min clear: ±23’6” 26’6 (center deck)
• Column Spacing ±23’ deep & 83’ wide