$34 Million Napa Valley Winery Property Put On Block
The Napa Valley property occupied by Del Dotto Vineyards and several non-wine-industry tenants is on the market for $34 million.
The 12-acre Napa property is leased to Del Dotto and several other tenants. A 50-unit hotel could be built on the site with appropriate regulatory approvals. Making this property one of the most high profile commercial real estate offerings in Napa Valley.
Del Dotto, a small family-owned vineyard and winery known for its high-end wines and aficionado-friendly barrel-tasting tours of the manmade wine caves at its 1055 Atlas Peak Road site, has constructed an estimated $10 million new winery and caves in St. Helena. It plans to consolidate operations there when its lease runs out at the Atlas Peak Road property. A Del Dotto employee said the lease there still has more than a year to run.
Winery owner Dave Del Dotto and other family members were unavailable for comment.
A recent article on Appellationamerica.com said Del Dotto produces about 8,000 cases annually, but expects to expand that total to about 12,000 cases.
The Atlas Peak Road site, adjacent to the Silverado Country Club and Resort, includes a historic ivy-covered winery (known as the Hedgeside Distillery Building), wine-storage caves excavated more than a century ago, five acres of vineyards, a tasting room, an art gallery building, a 3,500-square-foot estate home built in the 1800s and several other structures.
For additional information on this property please contact Ken Dunbar 707-365-9070 or Armando Lincoln 707-299-9779
Kosher wine…
Further down the scale, however, prospects are grim. Too much wine is being produced for too few buyers….
Trackback by Kosher wine — May 24, 2008 @ 11:09 pm