INDUSTRIAL – 2 NEW FULLY LEASED BUILDINGS – 5000-5004 DOWDELL AVE. ROHNERT PARK CA

INDUSTRIAL NEWS

Innovation Center – Premier Industrial Park Investment

Rohnert Park, CA | Two Class A Buildings | 157,295 SF | $48,800,000 | 5.70% Cap Rate

Industry Highlights

• Institutional-Quality Industry Park – Two brand-new 2024 Class A distribution buildings totaling 157,295 SF
• 100% Leased to 3 High-Quality Tenants – Weighted Average Lease Term (WALT) of 6.8 years ensures stable, long-term cash flow
• Strategic Distribution Location – Directly adjacent to U.S. Highway 101, the primary north-south logistics artery for Northern California
• Premier Sonoma County Industrial Market – High barriers to entry, limited new supply, and strong tenant demand for modern Class A space
• Highly Sought-After Yard & Loading Features – Both buildings include flexible layouts, generous clear heights, and large secured yards ideal for modern distribution and logistics tenants
• Scale & Stability – Institutional-scale investment in a 20.6-acre industrial campus, offering size, visibility, and long-term growth

Executive Summary

The Innovation Center Industrial Park represents the premier Class A industrial investment opportunity in Sonoma County. This two-property portfolio features 89,896 SF at 5004 Dowdell Ave and 67,399 SF at 5000 Dowdell Ave, both delivered in 2024 to the highest construction standards.

At a purchase price of $48,800,000 ($310.25/SF), the offering provides investors with a 5.70% cap rate backed by 100% occupancy from three creditworthy tenants. The leases carry a weighted average lease term of 6.8 years, providing institutional investors with stable income and predictable growth.

Positioned in Rohnert Park, CA, Innovation Center benefits from immediate access to U.S. Highway 101, providing unmatched regional connectivity between the Bay Area, North Bay wine country, and Northern California distribution corridors. With 20.6 acres of land, expansive truck courts, and modern building features, the project is uniquely positioned to capture tenant demand in a market with high barriers to entry and limited Class A availability.

Property Facts

• Price: $48,800,000
• Cap Rate: 5.70%
• Portfolio Size: 157,295 SF across 2 buildings
• Year Built: 2024
• Lot Size: 20.6 Acres
• Price per SF: $310.25
• Tenancy: 3 Tenants – 100% leased
• WALT: 6.8 years
• Property Type: Industry / Distribution
• Sale Type: Investment (NNN)

Individual Properties:

• 5004 Dowdell Ave – 89,896 SF | Delivered 2024
• 5000 Dowdell Ave – 67,399 SF | Delivered 2024

Investment Thesis

The Innovation Center offers investors a rare opportunity to acquire a brand-new, fully leased Class A industrial portfolio in a supply-constrained Sonoma County market. With its long-term lease stability, institutional construction quality, strategic logistics location, and tenant diversification, this investment represents a defensive and scalable addition to any core-plus or institutional industrial portfolio.

Links

Rohnert Park Economic Development Dept.
Argossy International Properties