Theatre Square 140 2nd St Local commercial 5 561 m² 100 % Loué Immeuble 4 étoiles À vendre Petaluma, CA 94952

Jones Lang LaSalle Brokerage, Inc. (“JLL”), as exclusive advisor, is pleased to present the very rare and outstanding opportunity to acquire a 100% fee-simple interest in Theatre Square, a Class “A” 3-story mixed-use development totaling approximately 59,861 RSF of ground floor retail and second floor offices that are currently 94% leased. Theatre Square is located at 140 2nd Street in the heart of the charming Downtown Petaluma, within the “Theatre District”.
This impeccably maintained core asset occupies the premier location in Petaluma’s thriving Downtown Theatre District, linking together all elements of a bustling, modern mixed-use community. Petaluma’s Downtown Theatre District continues to experience strong growth and vitalization driven by an influx of young families migrating north from neighboring Marin County and other areas. This demographic shift continues to energize downtown Petaluma, with new residents supporting local retailers, restaurants, and service businesses.
The property has a diverse mix of 21 tenants, including 11 office tenants and 10 retail tenants, most of which have a long history at the property. The asset also features a current WALT (“Weighted Average Lease Term”) of 40 months providing a strong cash flow and stable tenant base.
Astute investors have a rare opportunity to acquire an irreplaceable, income producing asset in the premier location in Petaluma’s most prominent district and one of Northern California’s most dynamic growth markets. The asset’s exceptional and diversified tenancy, strong demographic tailwinds, and formidable barriers to entry, should provide stability and long term appreciation, all at a significant discount to estimated replacement cost. For further information, please contact one of JLL Advisory Agents listed on page 6 or request an Offering Memorandum by visiting our:
Revere Deal Page
*Note: The 3rd floor multifamily apartments are not included in this sale.