The single-tenant building is 100% net leased to Williams-Sonoma (NYSE:WSM) until October of 2025. Williams-Sonoma is one of the nation’s premier home product retailers with seven store concepts and 2014 net revenues of $4.7 billion.
The state-of-the-art facility features 36’ clear ceiling heights, 80 staging bays, 6” super-flat floors and narrow aisle racking with wire-guided, stacking/retrieval systems in place. The previous owner invested approximately $1.5 million of capital, including expansion of the parking area, adding truck dock doors, and a second-story office area. Williams-Sonoma also invested approximately $2.0 million in additional improvements that included new T-5 lighting and an electrical transformer.
Size: 411,714 RSF on 25.77 Acres
Built: 1999, Updated 2003
Purchased: August 2011
Realized: December 2017
Ownership: Westminster Claremont LLC, owned 100% Fund VIII.