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March 22, 2019
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NORTHERN CALIFORNIA NEWS
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Santa Rosa Office/Industrial Property Sells for $7.2 Mil

2/14/19

McNeill Real Estate Services purchased a 65.5k sf office/industrial building in Santa Rosa for $7.2 mil, or $110/sf. The two-story concrete-tilt building is located at 6085 State Farm Drive.

Constructed in 1996, the bulding contains 39.6k sf of high cube warehouse/R&D space and 25.9k sf of office space. The building’s occupancy at close of escrow was approximately 77% with a stabilized CAP rate of 8.5%.

Ron Reinking of NKF Santa Rosa represented the seller, Molly Belle Properties.




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