Ace Insulation Founder Purchases Petaluma Industrial Property
Dwaine McCoy closed on the $2 million acquisition of the 1300 Dynamic St. site on September 15, 2026.
Updated on Oct. 27, 2026 in Commercial
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Ace Insulation Inc. founder Dwaine McCoy purchased the 11,289-square-foot industrial property at 1300 Dynamic St. in Petaluma. The $2 million transaction for the facility officially closed on September 15, 2026.
Why it matters
The purchase secures the long-term headquarters for Ace Insulation Inc., which has occupied the site since 2015. Transitioning from a tenant to the property owner provides the company with greater control over its Petaluma operations.
The industrial building spans 11,289 square feet and was purchased for $2 million. Ace Insulation Inc. originally leased a 6,032-square-foot portion of the building in 2015 before eventually occupying the entire property.
The players
Dwaine McCoy
He is the founder of Ace Insulation Inc., a company established in 2011.
Ace Insulation Inc.
It is a firm that maintains its corporate office in Petaluma and operates regional locations in Sacramento and Sparks, Nevada.
The details
The facility was acquired from the Habas family trusts following over a decade of tenancy by the firm. Ace Insulation Inc. maintains its corporate office at this location while operating additional sites in Sacramento and Sparks, Nevada.
Timeline
2011: Ace Insulation Inc. was founded.
May 2015: Ace Insulation began leasing the property.
September 15, 2026: The property was purchased by Dwaine McCoy.
Culture Shift
This acquisition follows the broader market pattern of long-term commercial tenants securing permanent operational stability by purchasing their leased facilities. Such transitions reflect a shift toward capital investment in owned assets rather than relying on multi-year lease agreements.
The transition of the property to local ownership ensures that the company will remain a fixture in the Petaluma business community. Residents and local workers benefit from the continued stability of an established corporate office at the 1300 Dynamic St. site.
The takeaway
Business owners often move from renting to owning property to stabilize their long-term operational costs. This strategy protects a company from future rent volatility and allows for significant capital improvements to their headquarters.
Further reading
For more information on the local business landscape, visit Petaluma Commercial.
Source note: This article includes information reported by Santa Rosa Press Democrat.
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