47-49 Industrial Way - Warehouse FOR SALE


Greenbrae, CA 94904
$4,350,000 USD
415-259-9642
47-49 Industrial Way, Greenbrae, CA for Sale
$4,350,000 USD
Warehouse - FOR SALE
1/5
null | Request Cap Rate

47-49 Industrial Way
Greenbrae, CA 94904


HIGHLIGHTS

  • Rare Industrial Opportunity in Central Marin-Greenbrae Submarket
  • Owner-User or Investor Opportunity
  • Month-to-Month Leases at Under Market Rents
  • Metal Frame Construction with Fire Sprinklers
  • Historical Zero Vacancy
  • Extremely Supply Constrained Submarket

OVERVIEW

Introducing a rare opportunity to own a multi-tenant industrial building in the central Marin County Greenbrae/Corte Madera submarket. Rarely do these buildings come available in this submarket with only approximately ten industrial buildings in the immediate area. The subject property has been under the same ownership for 49 years. This property features a ±14,620 SF building currently divided into three occupied spaces with all tenants currently on a month-to-month lease term. Built in 1967 of a metal frame construction with an exterior of corrugated steel, the property provides a low maintenance and easy to manage ownership. The building features fire sprinklers, 18 ft. clear height at the ridge, four total roll up doors, mostly clear span space, and separate PG&E meters. The L/I zoning provides flexibility in all types of light industrial uses, including the current use of automotive. Don't miss this rarely available opportunity for an industrial property in a highly supply constrained submarket. Located in the Greenbrae/Corte Madera submarket of central Marin County. The location provides one of the best locations for light industrial users in Marin County with direct access to all major hubs of Marin County and beyond. The area is strategically situated near major transportation, including Highway 101, I-580 and the Richmond-San Rafael Bridge. Only 10 miles and 11 minutes to San Francisco and 20 minutes to Sonoma County. In addition, the core location provides the best public transportation location with the Larkspur-San Francisco ferry and SMART train within walking distance of the property.

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$326 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67

LAND SF

29,198

ZONING

LI/O

APN/PARCEL ID

023-031-04

ASK ABOUT THIS PROPERTY

Samuel KoMeridian CommercialMore Info
415-259-9642

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Samuel KoMeridian CommercialMore Info
415-259-9642

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.