This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

3005 Wiljan Ct

27,827 SF 17% Leased Industrial Building Santa Rosa, CA 95407 $9,040,625 CAD ($325 CAD/SF) 9.07% Cap Rate

INVESTMENT HIGHLIGHTS

  • Strong Existing Tenant
  • 2,830 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.
OWNER/USER LEASE-TO-OWN OPPORTUNITY:
• 24-Month Purchase Option
• 100% of Lease Payments Applied to Purchase Price
• Ideal for Growing Businesses Seeking Future Ownership
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 (CAD) ANNUAL PER SF (CAD)
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 (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $9,040,625 CAD
Price Per SF $325 CAD
Sale Type Investment or Owner User
Cap Rate 9.07%
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’
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

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl - B/E
  • 11,527 SF
  • Flex
  • -
  • Now

Modern Mixed-Use Configuration: 4,327 SF Premium Office Space 4,370 SF Warehouse Space (20' Clear Height) 2,830 SF Mezzanine Level Full Building Amenities: 4 Restrooms (2 Office, 2 Warehouse) Extensive On-Site & Street Parking Versatile Zoning for Multiple Uses Including: Cannabis Operations (Distribution/Manufacturing/Retail) Fitness Facilities Light Manufacturing Warehousing & Distribution ...And More UNIQUE LEASE-TO-OWN OPPORTUNITY: 24-Month Purchase Option 100% of Lease Payments Applied to Purchase Price Ideal for Growing Businesses Seeking Future Ownership

Space Size Space Use Condition Available
1st Fl - B/E 11,527 SF Flex - Now

1st Fl - B/E

Size
11,527 SF
Space Use
Flex
Condition
-
Available
Now

1st Fl - B/E

Size 11,527 SF
Space Use Flex
Condition -
Available Now

Modern Mixed-Use Configuration: 4,327 SF Premium Office Space 4,370 SF Warehouse Space (20' Clear Height) 2,830 SF Mezzanine Level Full Building Amenities: 4 Restrooms (2 Office, 2 Warehouse) Extensive On-Site & Street Parking Versatile Zoning for Multiple Uses Including: Cannabis Operations (Distribution/Manufacturing/Retail) Fitness Facilities Light Manufacturing Warehousing & Distribution ...And More UNIQUE LEASE-TO-OWN OPPORTUNITY: 24-Month Purchase Option 100% of Lease Payments Applied to Purchase Price Ideal for Growing Businesses Seeking Future Ownership

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
043-220-006
Land Assessment
$1,878,456 CAD (2023)
Improvements Assessment
$6,457,264 CAD (2023)
Total Assessment
$8,335,720 CAD (2023)

ZONING

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

  • Date on Market: 2024-06-26

  • Last Updated:

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

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}