2049 W Steele Ln
19,200 SF for sale in Santa Rosa, CA.
A rare outdoor asset in the Santa Rosa industrial core - over 103,000 SF of fenced, dual-gated yard for fleet parking, container storage, staging, or future expansion, on a site where usable outdoor land is scarce.
Complete interior and exterior renovation in 2021 delivered an insulated roof, multi-zone HVAC with occupancy-sensor lighting, and updated finishes - infrastructure a 1972-vintage building rarely offers a buyer today.
1,200-amp, 480/277V three-phase service with backup generator supports specialized manufacturing, biotech, or temperature-sensitive operations without costly utility upgrades.
Roughly 8,500 SF warehouse, 5,300 SF manufacturing rooms, and 2,500 SF office in one building lets an owner-user run production, distribution, and administration from a single address.
Building specifications
Steele Lane Industrial Corridor, Santa Rosa
2049 W Steele Ln sits in Santa Rosa's established industrial corridor near Airport Boulevard and Highway 101, within a few miles of the Charles M. Schulz-Sonoma County Airport (STS) and the SMART commuter rail's Airport Station, which now runs an on-demand shuttle connecting the train to the airport terminal. The location gives an owner-user or investor direct freeway access north-south through Sonoma County and connectivity to the broader North Bay via SMART.
The surrounding submarket is Sonoma County's primary industrial base - a mix of light manufacturing, wine-country logistics and distribution, and specialty production users drawn to Santa Rosa's central position between the Bay Area and points north on 101. Older industrial stock in the corridor is gradually turning over as buildings are renovated for modern manufacturing and cold-chain uses, which is the same trajectory this property has already completed.
North Bay Industrial Vacancy Rises as Big-Block Space Returns to Market
Cushman & Wakefield's Q2 2026 North Bay MarketBeat reports Sonoma County industrial vacancy climbed to 9.8% (up 100 bps quarter-over-quarter and 160 bps year-over-year), with North Bay-wide vacancy at 8.4%. The increase was driven largely by large blocks of space coming back to market, including roughly 79,600 SF at 3925 Cypress Dr. and 43,400 SF at 2180 S McDowell Blvd.
Despite softer big-box conditions, the report notes limited new industrial construction in the pipeline, which should constrain future supply, and points to continued demand for smaller-footprint spaces - the segment this 19,200 SF, yard-equipped building competes in. A notable owner-user comparable in the same report: 740 Southpoint Blvd in Petaluma sold for $7.5M ($283/SF).
Source: Cushman & Wakefield, North Bay Industrial MarketBeat, Q2 2026
How we'd position this listing
At $218.75/SF for a fully renovated, heavy-power building with a 2.37-acre secured yard, this offering is priced below the $283/SF owner-user comparable in Petaluma - despite delivering more site and more recent capital improvements.
With North Bay vacancy rising on large-block givebacks rather than small-building softness, and construction pipelines limited, well-located flex/industrial product in the sub-20,000 SF range with usable outdoor yard remains the segment least exposed to that trend - which is exactly what this property offers.
Get rent roll detail, floor plans, and comparable sales for 2049 W Steele Ln.
Let's talk about 2049 W Steele Ln.
jida@lee-associates.com
Brendan Gallagher — (760) 846-1736
242 California St, San Francisco, CA 94111