LARGE BAY AREA INDUSTRIAL SITE OWNER-USER OPPORTUNITY

Large parcels of industrial zoned land are becoming more scarce with each passing day. The subject property includes 50.75 gross acres of industrial land and buildings that could be purchased by an owner-user for similar industrial use. The property is centrally located just 11 miles from the Interstate 80 and 680 junction in Fairfield, offering quick and easy access to the main thoroughfares servicing the nine Bay Area counties. While the site’s current zoning allows for industrial uses, including its current use for production and distribution of building materials, long term, the site may be ideally suited for future mixed-use development with new entitlements and zoning.

REDEVELOPMENT OPPORTUNITY

This property represents a rare redevelopment site of mass, including approximately 50.75 gross acres of land. The City of Napa Planning Department has expressed a willingness to entertain rezoning the property to a higher and better use. Potential uses of interest include mixed-use developments, which might include a combination of single-family, townhome, and multi-family housing, senior living facilities, a hotel, and supportive retail and commercial uses. With the scarcity of remaining developable land and a location at the "Gateway" to the City of Napa and the wine country, the site represents a unique and rare opportunity for continued industrial use or rezoning to a high-quality mixed-use development.

STRATEGIC LOCATION

The site is strategically located at the southern entrance to world-famous Napa Wine Country and is just 2 miles south of Downtown Napa, and its dining, hospitality, and retail shopping amenities. The property is approximately 5 miles north of the Napa County Airport, and only 11 miles from Interstates 80 and 680 (in Fairfield), two of the main thoroughfares in the San Francisco Bay Area. The property features views of the Napa County rolling hills and the Napa Riverfront. While many of the 3.85 million visitors that travel to Napa each year are from destinations around the world, the majority of visitors are from the San Francisco Bay Area, due to its short driving distance from all the nine Bay Area Counties.

POTENTIAL "NEAR-TERM" INCOME

The new owner could also take advantage of its current industrial zoning, and monetize the asset for the rental of the existing buildings and land for yard storage operations. The site features 10 existing small industrial buildings totaling approximately 45,000 sf and one two-story office building totaling approximately 15,500 sf. These buildings, along with the surplus land could be rented out to local tenants, while the new owner processes entitlements and/or contemplates its long-term redevelopment plan for the asset. The vacancy rate for industrial space in Napa County currently sits at just 1.5%, which is one of the lowest vacancy rates in all of California, and the lowest vacancy rate in the Northern California market. The site also features a rail spur and two significant water wells supplying the property and adjacent neighbors.

WORLD FAMOUS WINE COUNTRY, HOSPITALITY & LIFESTYLE MECCA Napa has become world famous for its wine country, quality of life, hospitality, and lifestyle mecca. On average, approximately 3.85 million people travel to Napa each year to enjoy its rolling, picturesque hills, wonderful weather, and world-famous wine, hospitality, and restaurant amenities. Napa Valley gained its reputation as America’s most notable wine country because of its natural beauty, consistent mild climate, and because it produces some of the most highly acclaimed wines in the world.

The City of Napa features a vibrant and modern downtown located just two miles from the site. The city's Main Street “Restaurant Row,” West End, and the Oxbow District feature numerous high-end, quality destination resort hotels and Michelin-rated restaurants. The combination of Napa's country setting and moderate climate, along with its quality of life, hospitality, and restaurant amenities, will continue to fuel its economic prosperity, tourism, and destination popularity.