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15312269
15312256

1566 4th St, San Rafael, CA 94901

OV
CA DRE 02067848
PAcWest CRE Group
Listed by PAcWest CRE Group
$2,000,000
836 days on market
Updated 73 days ago

1566-1570-1574 4th St and 100 F St

Details
APN 011-196-12
Property Type Mixed Use
Sub Type Office / Flex /Retail
Square Footage 6,685
Units 4
Cap Rate 4.53%
NOI $90,525
Occupancy 90%
Pro-Forma Cap Rate 6.72%
Pro-Forma NOI $134,308
Price per SqFt $299
Broker Co-Op Yes
Class B
Year Built 1916
Buildings 1
Stories 1
Lot Size (SqFt) 6,750
Zoning WEV
Investment Type Net Lease

Restaurant/ Retail/ Office / Flex

Marketing description

Pacific West Advisory Group is excited to present you with this rare opportunity to own a 4-unit mixed-use building in one of the most vibrant retail corridors in San Rafael. This multi-tenant building is located in downtown San Rafael just east of San Rafael’s West End neighborhood. The building is 6,685 square feet of retail space currently built out for four tenant spaces. The property is situated on a 6,750-square-foot lot located on the northeast corner of 4th Street and F Street. San Rafael is the county seat of Marin County and is its largest city. It is 17 miles north of San Francisco, near the junction of Interstate I-580 and US Hwy 101. Downtown San Rafael is a center for business, the arts, entertainment, culture, and county-wide special events. Development in the ever-evolving downtown San Rafael, including the 140-room AC Marriot Hotel and a major expansion of the BioMarin campus. Demographics for San Rafael show the median household income of $126,000+ and the price of single-family homes averaging $1,200,000. The property has a daily traffic count of 22500 1566 4th Street is leased to Red Hill Pet, and 1574 4th Street is leased to The Kitchen Table (a restaurant). 1570 4th Street (formerly occupied by a martial arts studio) and 100 F Street (formerly occupied by Doc Guthrie Sign Co) are vacant and present an opportunity for increased rental income for a new owner. The property is cash-flowing and has the potential to generate significant income for a new owner.

Investment highlights

3 Retail Units and 2,320 SF of Flexible Commercial Space

Great exposure to the 4th Street Retail corridor with above-average foot traffic

Excellent Demographics – 144,009 People and AHHI of $122,696 with Home Values

Averaging $1.2M

Location benefits from convenient public transit access, which includes proximity to SMART

Train Station and public parking options

A combination of a variety of complimentary next-door businesses and a Daily Traffic Count of

22,500 VPD provides a high desirability

Listing Contacts

OV
CA DRE 02067848
PAcWest CRE Group
Listed by PAcWest CRE Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,525.00
$7,543.75/mo

Valuation Metrics

0
DSCR
4.53%
Cap Rate
4.53%
ROI

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Additional Information

Name
Oleg Verbitski
License
DRE 02067848
Brokerage
Engel & Völkers Commercial San Francisco
Brokerage Phone
4152363767
Brokerage Address
2044 Union Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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