Listed by Keegan & Coppin Co Larkspur
$1,599,000
15 Woodland Avenue
Details
APN 013-161-38; 013-161-39
Property Type Office, Industrial
Sub Type Executive Office, Warehouse
Square Footage 5,349
Cap Rate 4.50%
NOI $74,315
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $308
Zoning I-Industrial
Parking Spaces 10 spaces
Parking per 1,000 SqFt 1.87
Rare Fully Leased Investment or Owner User Opportunity!
Marketing description
Extremely rare opportunity to acquire two contiguous industrial condo units in a four unit complex in the heart of Central San Rafael’s industrial district. The units are currently 100% leased to six tenants, all on month to month leases. This creates a great opportunity for an owner user to occupy while enjoying solid income on the areas they don’t occupy or an investor looking for stable cash flow with small industrial units that are consistently in strong demand. With efficient and flexible office space, a very rare I (Industrial) zoning designation, high clear height warehouse space, and abundant parking, 15 Woodland is a must see industrial opportunity.
The Property is one of few industrial properties in Central San Rafael that is located outside of a special flood hazard zone. Lenders should not require flood insurance for the property.
Best Central San Rafael location along the Woodland Avenue corridor with immediate access to both Highway 101 and Interstate 580. Within close proximity to a variety of amenities including the newly renovated Marin Square Shopping Center, PACE Supply, the Marin Airporter, numerous hardware stores and lumber yards, and a variety of other shops and restaurants.
Investment highlights
- Rare Light Industrial Condo Units
- Fully Leased
- On-Site Parking
- Three Roll-Up Doors
- Efficient Office Space
- Divisible
- Best San Rafael Location
- High Clear Height
Listing Contacts
Listed by Keegan & Coppin Co Larkspur
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,314.56
$6,192.88/mo
Valuation Metrics
0
DSCR
4.65%
Cap Rate
4.65%
ROI
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