Intersection Equities Acquires Temperature-Controlled Distribution Facility in American Canyon for $15.1M

Intersection Equities is pleased to announce the off-market acquisition of an 85,000-square-foot distribution facility in American Canyon, CA. The property, located at 5555 Broadway Street, consists of two warehouse units, one night-cooled and insulated, and the other refrigerated. The facility features 22’ clear heights and contains 4 grade level doors, 4 recessed dock high doors, a single double-wide dock high door, and over 2.0 acres of excess yard area.

“This transaction exemplifies the effectiveness of our unique strategy for finding off-market, value-oriented industrial investments in select markets west of Denver. All of our acquisitions to date have been sourced off-market by working collaboratively with brokers strategically targeting properties that fit our investment criteria.” commented Eric DeWees, Senior Director of Investment Management at Intersection.

The property is situated within 80 miles of the entire San Francisco Bay area and provides access to 24% of the U.S. population within an 18-hour drive.
The Napa County submarket ended 2021 with 0.0% Class B industrial vacancy and offers strong relative value for new users entering the North Bay.

“The property has maintained a long history of high occupancy”, tells Anton Myskiw, an Associate at Intersection. “Current occupancy is 98%, with a diverse mix of tenants paying rents that are approximately 34% below market. Near-term lease expirations provide us with an opportunity to re-lease building and yard space at market rents during the first year of ownership”.

Intersection also plans to make strategic capital improvements to the property including new exterior paint, signage, landscaping, parking lot resurfacing and improvements to the back yard area, namely fencing and lighting.

Kris Hagar of Newmark represented Intersection in the transaction.

To learn more about this deal please reach out to Eric DeWees at or Anton Myskiw at

Natalie Baylon is the Marketing Coordinator at Intersection, providing strategic marketing expertise to support business objectives across company divisions. For general and marketing inquiries, please contact Natalie at