Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 723 Railroad Avenue, a partially leased multi-tenant commercial building in Winters, California. 723 Railroad Avenue consists of a single ±26,793 square foot warehouse with an additional ±12,375 square feet of basement space, all located on a large ±2.13-acre parcel. Originally constructed for apricot processing, the Seller invested considerable capital expenditures into the building including a new foam roof, new fire sprinkler system, new heavy power (800 amp) electrical system, new high-capacity gas line, and various other improvements. The building features twelve (12) dock-high doors, four (4) drive-ins, and significant amount of yard space. ±6,860 square feet are currently leased to Patio 29 Spirits Company through 2027, providing a stable stream of income for investors and users alike. The building’s open floor plan and many roll-up doors allow for the space to be easily demised and leased as smaller bays, commanding stronger rents and diversifying risk. The property is situated downtown in the City of Winters, a charming suburb 15 miles West of Davis and 15 miles North of Vacaville.  Known as the Eastern Gateway to the Napa Valley, the City has become a regional draw and has grown in popularity with Berryessa Gap Vineyards, Hotel Winters, wedding venues, and several high-end restaurants in its vibrant downtown district. This offering is the first property of its kind to reach the market in the City of Winters since 2010, and it represents the rare opportunity to own a high-quality investment property with immediate upside through lease-up, room for growth, and the ability to develop in a thriving suburb of Davis and Vacaville.