Peter Padden & James Capital Advisors Facilitate $6M Sale Of Industrial Asset In Santa Rosa

Located at 2049 W Steele Lane in Santa Rosa, California, this industrial property was recently sold in a closed transaction. The sale was facilitated by Peter Padden of James Capital Advisors and Paul Capra of Lee & Associates Real Estate, representing the buyer. The asset spans a total area of 19,230 square feet, with a gross leasable area of 19,200 square feet. The sale price for this property was $6,000,000, resulting in a price per square foot of $312.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,000,000
• Address: 2049 W Steele Lane, Santa Rosa, California
• Market: Santa Rosa

A notable aspect of this transaction is that Peter Padden of James Capital Advisors successfully managed the capital raise for an award-winning cannabis industry operator through the sale leaseback of this single tenant net leased industrial asset in Santa Rosa, California.