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47-49 Industrial Way

14,620 SF 100% Leased Industrial Building Greenbrae, CA 94904 £3,412,183 (£233/SF)

Investment Highlights

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

Executive Summary

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.

Property Facts

Price £3,412,183
Price Per SF £233
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.67 AC
Rentable Building Area 14,620 SF
Number of Floors 1
Year Built 1967
Clear Ceiling Height 18 ft
Level Access Doors 3
Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
023-031-04
Land Assessment
£89,694
Improvements Assessment
£225,501
Total Assessment
£315,195

zoning

Zoning Code LI/O
LI/O
  • Listing ID: 33733990

  • Date on Market: 03/11/2024

  • Last Updated:

  • Address: 47-49 Industrial Way, Greenbrae, CA 94904

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