Chad Daniel Of MKD Investments Acquires Industrial Complex In Santa Rosa For $23.5M
3360 Coffey Lane
$23,500,000
$153/SF
Building Size
152,925 SF
Asset Type
Industrial
Closing
May 24, 2025
AI
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
Santa Rosa Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93