Net Leased Distribution Center

INVESTMENT OVERVIEW

Essential CRE is has been exclusively retained to present the opportunity to purchase the fee simple interest in the USPS Annex located at 2850 McBride Ln in Santa Rosa, California. The subject property is 15,200 SF and resides on 1.7 acres of land ideally situated close to Highway 101. USPS's lease expires in two years with one, 5-year option. Current, in-place rent is $0.86 per square foot, NN (double-net), well below market.

INVESTMENT HIGHLIGHTS

Extremely Rare Single Tenant USPS Annex Opportunity - US Government Guaranteed Lease
Net Leased Distribution Center Located off Highway 101 in Sonoma County
Current Rent Below Market; $0.86 PSF - Priced Below Replacement Costs at $296 PSF

MARKET OVERVIEW

Just 55 miles north of San Francisco, Santa Rosa offers a variety of activities, epicurean delights and scenic vistas. It is the largest city in Sonoma County and occupies the very heart of the world-famous Sonoma Wine Country. The city is an urban blend of art and culture, food, wine and recreation, ideal for families and travelers. Santa Rosa is the largest city in California's North Coast, Wine Country and the North Bay; the fifth most populous city in the San Francisco Bay Area after San Jose, San Francisco, Oakland, and Fremont; and the 28th most populous city in California.
Santa Rosa sits at the northwestern gateway to the Sonoma and Napa Valleys of California's famed Wine Country. Many wineries and vineyards are nearby, as well as the Russian River resort area, the Sonoma Coast along the Pacific Ocean, Jack London State Historic Park, and the redwood trees of Armstrong Redwoods State Reserve. The city sprawls along Highway 101, about an hour north of San Francisco and the Golden Gate Bridge. Airline service by Alaska Airlines, from the Charles M. Schulz - Sonoma County Airport, just north of Santa Rosa, is available to San Diego, Los Angeles, Portland, and Seattle. The City Council is also encouraging major new commercial and residential development along the planned Sonoma-Marin Area Rail Transit (SMART) railway from Larkspur to Cloverdale, parallel to Highway 101. SMART, scheduled to open in late 2016, is funded by a sales tax surcharge passed by Sonoma and Marin voters in 2008.