Greenfield Plaza 40-52 Greenfield Avenue San Anselmo, California $3,000,000 ±$368/SF ±8,62 Square Feet Exclusive Listing Agents HadenOngaro Executive Vice President hongaro@newmarkccarey.com 45.526.7649 CA RE License #0096960 TimMcClean Senior Managing Director tmcclean@newmarkccarey.com 45.526.7664 CA RE License #0084627 Attractive, Well Located. Highly Visible. Mixed-Use Retail/Office Purchase Opportunity MarkCarrington Director mcarrington@newmarkccarey.com 45.526.7650 CA RE License #029528
Greenfield Plaza offers the following benefits of purchase: Newmark Knight Frank, Exclusive Listing Agent, is pleased to present the opportunity to purchase the fee simple interest in the property located at 40-52 Greenfield Avenue in San Anselmo, California. (the Property ) The Offering provides a unique opportunity to purchase a well located, attractive mixed-use building in a high demand market. Prominent Location Greenfield Plaza is located adjacent to the high traffic Miracle Mile of Red Hill Avenue, near the intersection with Sir Francis Drake Boulevard; Marin County s major East/West thoroughfare. This location adjacent to Downtown San Anselmo is accessible to some of the strongest demographics in the nation. Attractive Improvements Greenfield Plaza is an attractive, two-story mixeduse office and retail building. Tenant spaces have been tastefully improved with high quality finishes and take full advantage of good ceiling height. Attractive improvements combined with a highly desirable location result in a building that will generate tremendous tenant demand. The Property enjoys generous on-site and adjacent street parking. Opportunity to Add Significant Value The Property is 00% leased to a diverse rent roll with staggered lease rollover. Rents are significantly below current market and provide an excellent opportunity for a new owner to add value by increasing rents upon lease rollover. Current lot coverage is well below the lot coverage permitted in the zoning ordinance. In time, as market conditions permit, there may be an opportunity to significantly increase the rentable area of the Property.
Building 50-52 Building 40-44 50-52 Greenfield Plaza, San Anselmo,, CA Newmark Knight Frank
Property Description Overview Greenfield Plaza occupies a wedge-shaped site (APN 006-25-0) measuring approximately 4,405 square feet (0.33 acres). The site is generally flat, sloping at less than 3%, and is improved with the two mixed-use office/retail buildings, parking areas and some landscaping. Access & Identity The Property is easily accessible, located on Greenfield Avenue near the major Hub intersection of Red Hill Avenue and Sir Francis Drake Boulevard, Marin County s major East/West access corridors. Greenfield Avenue runs immediately parallel to Red Hill Avenue and is accessible in several locations from that street. Sir F ranc is D rake Bou leva rd The Property enjoys excellent visibility to traffic on Red Hill Avenue, also known as Miracle Mile with average daily traffic counts in excess of 40,000 trips. ard ulev rake Bo is D The area adjacent to the south of the Property is occupied in most part by high value single family residential properties. Greenfield Avenue Greenfield Plaza Sir F ranc Surrounding Properties Surrounding properties fronting on Red Hill Avenue are similar commercial buildings providing neighborhood goods and services. Red Hill Avenue Property Summary Address: 40-52 Greenfield Avenue, San Anselmo, CA 94960 Assessor s Parcel Number: 006-25-0 Site Area: ±4,405 SF Zoning: C-3 Parking Spaces: 4 Parking Ratio:.7:000
Property Description Sir Francis Drake High School Red Hill Shopping Center Other Nearby Amenities The Hub area of Downtown San Anselmo is home to several quality restaurants, bars, other retail stores and some office spaces. A high quality Andronico s supermarket is located within a short walk at the Red Hill Avenue/Sir Francis Drake Boulevard Intersection. Red Hill Shopping Center is also within a comfortable walk along Sir Francis Drake Boulevard San Anselmo City Hall and several other retail and dining establishments are located nearby along San Anselmo Avenue. City Hall San Anselmo Avenue Sir Francis Drake Boulevard Sir Francis Drake Blvd. Andronico s Greenfield Plaza Zoning Greenfield Plaza is located in the C-3 (General Commercial) zoning district. This district allows for retail, office, and some residential uses. The district allows for maximum lot coverage ratio of 00%. Current lot coverage is approximately 56.6%. Parking The Property enjoys 4 parking spaces on-site, including one van accessible handicap space, for a ratio of approximately.7 spaces per,000 square feet. Abundant street parking is available on Greenfield Avenue. Flood Zone Greenfield Plaza is located in Flood Zone X, a FEMA designation indicating that the property is located outside of the 500-year floodplain.
NAPA SONOMA PETALUMA 6 LAKEVILLE 6 2 2 2 2 29 22 2 ROCKVILLE CORDELIA SUISUN CITY FAIRFIELD 2 3 BOLINAS Sir Francis Drak e Bl STINSON BEACH MT. TAMALPAIS STATE PARK NOVATO FAIRFAX Alpine Lake MUIR BEACH 0 4th St 37 ANSELMO MARIN COUNTY CIVIC CENTER CORTE MADERA MILL VALLEY PACIFICA SEARS POINT RACEWAY RAFAEL RICHMOND 5 LARKSPUR SAUSALITO 0 Golden Gate Br. 35 Greenfield Plaza TIBURON ANGEL ISLAND ALCATRAZ 2 DALY CITY 3 PABLO BAY 0 TREASURE ISLAND Sears Point Rd GOLDEN GATE FIELDS Bay Bridge FRANCISCO COLMA BRISBANE SOUTH FRANCISO PABLO EMERYVILLE FRANCISCO 37 Napa River 23 2 ALBANY 5 BERKELEY 6 24 FRANCISCO BAY AMERICAN CANYON Solano Av HERCULES PINOLE EL SOBRANTE EL CERRITO OAKLAND ALAMEDA OAKLAND INTERNATIONAL AIRPORT 8 3 VALLEJO 7 CROCKETT PIEDMONT 4 ORINDA BENICIA 5 LEANDRO LORENZO 6 MARTINEZ 6 PLEAT HILL 24 LAFAYETTE MORAGA 6 Rd HAYWARD GRIZZLY BAY 242 Treat Bl CASTRO VALLEY WALNUT CREEK 6 4 CONCORD ALAMO SUISUN BAY MT. DIABLO STATE PARK DANVILLE RAMON PITTSBURG DUBLIN 5 PLEATON 84 RIO VISTA Sacramento River 60 ANTIOCH LIVERMORE BREN Greenfield Plaza, San Anselmo,, CA Newmark Knight Frank
Financial Analysis ProForma Income Analysis 6.% Capitalization Rate Income Per Month Annual Rents $2,463 $257,550 Utility Reimbursement $500 $6,000 Vacancy Vactor 5% $2,878 Adjusted Gross Rent $250,673 Expenses^ Taxes* $40,9 Insurance $5,600 Repairs & Maintenance $5,504 Utilities $7,76 Total Expenses $68,47 Net Operating Income $82,20
Comparable Sales 24-28 Sir Francis Drake Blvd., San Anselmo 5,050 square feet Date: October 206 Price: $2,700,000 Price/SF: $535 Cap Rate: 5.52% (Actual) 834 Fifth Avenue, San Rafael 3,2 square feet Date: August 206 Price: $,200,000 Price/SF: $373 Cap Rate: 5.34% (Proforma at $.75 NNN). Miracle Mile Plaza, San Rafael 4,220 square feet Date: February 206 Price: $,752,500 Price/SF: $45 Cap Rate: 5.48% (Actual). 00 Center Blvd., San Anselmo 2,098 square feet Date: November 205 Price: $0,400,000 Price/SF: $492 Cap Rate: 4.50% (Actual). 427-429 San Anselmo Ave., San Anselmo 3,500 square feet Date: October 204 Price: $,285,950 Price/SF: $367 Cap Rate: 5.70% (Actual).
Greenfield Plaza 40-52 Greenfield Avenue San Anselmo, California Exclusive Listing Agents HadenOngaro Executive Vice President hongaro@newmarkccarey.com 45.526.7649 CA RE License #0096960 The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 08/207 Attractive, Well Located. Highly Visible. Marin County Value-Add Opportunity TimMcClean Senior Managing Director tmcclean@newmarkccarey.com 45.526.7664 CA RE License #0084627 MarkCarrington Director mcarrington@newmarkccarey.com 45.526.7650 CA RE License #029528