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Price Upon Req.33,514 SF
Marcus & Millichap as Exclusive Advisor is pleased to present the rare opportunity to acquire the fee-simple interest in the Marinwood Plaza ( Property ) located in Marin County, California. Marinwood Plaza is situated at the corner of Marinwood Avenue and Miller Creek Road with direct access and visibility to Highway 101. Marinwood Plaza is comprised of four separate contiguous parcels totaling 4.99-acres (217,573 SF) with a 33,514-square foot existing improvement. The northern most 15,190-square foot portion of the existing improvement is leased to Marinwood Market under a long-term lease. Marinwood Market is operating under a 15-year triple net lease that commenced on August 1, 2011 and runs through July 31, 2026. The lease incorporates annual consumer price index increases capped at 6.0% per annum throughout the base term and the first 10-year option and second 9-year option periods. Marinwood Market is required to pay as percentage rent 2.0% of gross sales in excess of the minimum monthly base rent.
The Holly Building is configured with 3 floors. The first two levels offer large open areas, and laminate floors throughout with skylights. The 3rd floor work space has a private entrance, or could be leased as a 2 bedroom apartment with full kitchen and full bath and large private deck. Property has 4 reserved parking spaces & public parking garages nearby.
This Owner-User or Investor opportunity in Marin County consists of two buildings on two separate parcels with shared parking on-site with reciprocal access. Both properties will be delivered vacant at close of escrow. The properties are zoned 2/3 MUW which allows for a broad range of retail, office, and mixed uses. 1654 Second Street is a 14,247± SF building that has been completely renovated with over $1M+ in recent capital improvements. The building features concrete tilt-up construction with a central barrel vault roof structure and flat roofs in the front and rear portion of the building. Clear span space with minimal support post makes for boundless interior design and layout potential. High ceilings and large front glass line allow for a variety of uses including retail, office, and car storage. 1622 Second Street is a 1,000± SF building that was last occupied by a hair salon. ***Do not disturb tenant. Showings by appointment only. ***Property is also available for lease.
Classic retail furniture sales building currently home Hudson Street Design. Tenant is vacating. Ground floor is approximately 19,262 SF. Approx. 4200 SF is warehouse with electric roll up door. Also for lease.
Marcus & Millichap has been selected to exclusively market for sale the Mi Pueblo Food Center, a freestanding 35,931 - square-foot single tenant NNN leased grocery store that was renovated for the tenant in 2009. This high quality single tenant grocery store is located in San Rafael, California, seventeen miles north of San Francisco. The asset provides an opportunity for an investor to procure a long-term NNN leased single tenant corporate guaranteed asset with annual rent increases. Conveniently located directly south of a densely populated Multi-Family neighborhood and the two major freeways in and out of San Rafael, the Mi Pueblo Food Center is the premiere grocer in the area.
Offered for sale for the first time in generations, 1121 1139 4th Street is an extremely well located, inline mixed-use retail/residential building. Located between A and B Streets, the Building provides a variety of tenants prominent spaces on the most dynamic block in downtown San Rafael. Comprised of five retail spaces on the ground floor and a SRO hotel on the second floor, the building houses a variety of strong local tenants including the West End Deli, a local San Rafael landmark. Each of the retail spaces includes a full length basement that is not included in the square footage but offers very functional storage for the tenants. The second floor SRO is currently leased for $2,000 per month through June of 2019. A fair market option and the possibility of repositioning some non code-compliant units that have been closed by the City offers an investor or owner-operator a significant value-add opportunity in the future.
514 Fourth Street, San Rafael was home to Heller's For Children retail store for close to 50 years. The building is available for purchase for an owner-user or investor. The zoning is C/O (commercial/office) with grandfathered in 44 non-confirming parking spaces allocated to the property according to the City of San Rafael. A letter is available for review upon request. C/O zonings allows for retail, office, medical office and financial institutions The building is a total of ±15,594 SF 6,600 SF Ground Floor 2,200 SF Mezzanine 6,694 SF 2nd Floor storage with freight elevator
850 4th Street is a classic inline, single-tenant retail building located in the heart of downtown San Rafael. Completely reconstructed in 2013, from slab to roof, the building was redesigned to accommodate a variety of retail uses. The 6,497 square foot building sits on a 7,380 square foot lot and is currently leased to Copperfield's Books, Inc. on a ten-year lease. Also included in the offering is 827 Fifth Avenue, a 4,792 square foot lot that is also leased to Copperfield's Books, Inc. for employee parking.
889-891 4th Street is a classic, well-located mixed-use building. The building is designed to accommodate retail on the ground floor and a variety of office uses on the second floor. Under-market rent and a month-to-month lease on the second floor provide a value-add opportunity, or allows for an owner/user to occupy the second floor and take advantage of favorable owner-occupied financing. The metal shed at the rear of the property is not included in the square footage and the area could potentially provide more parking in the future. There is currently two parking spaces on-site.
Current home of the Wooden Duck outdoor furniture store. 8450 SF, with about 4750 SF of ground floor display area, 1900 SF of rear storage area, and 1800 SF of mezzanine retail area. Has nice side yard. 16' high inside. 108' frontage on 4th St.