Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in Duffy Place, 607-615 Irwin Street / 21-37 Duffy Place (the ‘Property’), located in highly desirable Marin County, in the heart of the Central San Rafael submarket. The Property is an 89% leased multitenant one-story small-bay industrial project totaling +/- 58,933 SF on +/- 1.90 acres. Originally constructed in the 1950s, Duffy Place is currently configured with ten highly functional tenant suites of various sizes featuring high ceilings, roll-up doors and 84 on-site surface parking stalls. The Property is one of the more significant industrial projects in an extremely supply-constrained submarket, with strong historical performance. It boasts an excellent core location in southern Marin County’s premier industrial submarket, with excellent access to Highway 101 and I-580. Well positioned at the corner of Irwin Street and Andersen Drive, Duffy Place is ideally located in Southern Marin for consumer-facing light industrial tenants serving surrounding high-income households. Nearly 65% of the project’s tenants serve high-income consumers - Marin County is a Top 10 highest income county in the entire US, with average and median income over 100% greater than the US average. At nearly 90% leased with over three years of WALT, Duffy Place provides secure in-place cash flow with numerous opportunities to increase net income over time, including a meaningful Mark-to-Market opportunity over the next 24 months as below-market leases are set to expire. The Property has been well maintained, with no significant deferred maintenance; additionally, tenant improvement allowances have been traditionally light leading to very little basis-creep for investors. With a vacancy rate of just 3.3% in the Central San Rafael industrial market, this offering provides investors the opportunity to acquire a rarely available high-quality multitenant industrial complex with strong historical performance in one of the most supply-constrained submarkets in Northern California.