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Chad Daniel Of MKD Investments Acquires Industrial Complex In Santa Rosa For $23.5M

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SOLD
$23,500,000

California

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Industrial152,925 SF
Sold 05/24/2025
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SOLD

Chad Daniel Of MKD Investments Acquires Industrial Complex In Santa Rosa For $23.5M

3360 Coffey Lane

See Similar Deals
Industrial152,925 SF
Sold 05/24/2025
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$153
Total Square Footage:152,925 SF
Transaction Type:Sale

The property asset involved in the transaction is an industrial complex located at 3350-3360 Coffey Lane in Santa Rosa. The sale was completed for a total of $23,500,000, encompassing a total square footage of 152,925. This six-building complex is fully leased at below-market rents.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $23,500,000
  • Buyer: Chad Daniel - MKD Investments LP
  • Seller: Ken Martin - Pine Creek Properties
  • Broker: Trevor Buck - Cushman & Wakefield
  • Square Footage: 152,925
  • Price Per Square Foot: $154

This transaction involved significant parties, including Chad Daniel, who represented MKD Investments LP as the buyer, and Ken Martin, representing Pine Creek Properties as the seller. Trevor Buck facilitated the deal through Cushman & Wakefield, assisting in the off-market transaction of the Pine Creek Business Park, which houses tenants such as Moonlight Brewing, Vertex Climbing, and Vinify Wine Services.

Players

Trevor Buck
2 deals$41.5M volume(415) 451-2436
BROKER

Details

SOLD
IMAGE: Chad Daniel & Trevor Buck DATE: 05/24/2025 ADDRESS: 3350-3360 Coffey Lane MARKET: Santa Rosa ASSET TYPE: Industrial BUYER: Chad Daniel - MKD Investments LP SELLER: Ken Martin - Pine Creek Properties BROKER: Trevor Buck - Cushman & Wakefield (@CushWake) SALE PRICE: $23,500,000 SF: 152,925 ~ PPSF: $154 NOTE: Pine Creek Properties sold the 152,925 SF Pine Creek Business Park in Santa Rosa for $23.5M to MKD Investments in an off-market deal. The six-building complex, fully leased at below-market rents, offers value-add potential and includes tenants like Moonlight Brewing, Vertex Climbing, and Vinify Wine Services.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,253,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$83,490.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$111,401.99
Annual Debt Service$1,336,823.87