5400 Hanna Rnch Rd, Novato, CA 94945
18,440 SF | Industrial Building | Novato, CA 94945 | $7,400,000 ($401/SF) | 5% Cap Rate
For Sale
Active
10 pictures
Asking Price $7,400,000
- Property Type
-
Industrial
- Price / Square Foot
- $401
Listing Contacts
Brian Foster
Steven Leonard
- Property Info
Property Overview
Brand new Construction at junction of US 101 & Highway 37 in Marin County California.
10.5 Year NNN Lease
Fortune 50 company. Call for details.
$1.65 PSF NNN Base Rent
Monthly Base Rent $30,426.00
3% Annual Increases
Tenant Invested Over $750,000 in Building Upgrades
Real estate taxes (tenant reimburses)
• Roof and structure, costs of which are included in the operating expenses
• Tenant reimburses for RE taxes
• Tenant pays for all utilities directly
• Tenant pays for property insurance and
their own commercial general liability
insurance at its sole cost and expense
• Tenant is responsible for building systems
and interior maintenance & repairs
• Tenant responsible for 46% of project common area expenses
2 options to renew at Fair Market
10.5 Year NNN Lease
Fortune 50 company. Call for details.
$1.65 PSF NNN Base Rent
Monthly Base Rent $30,426.00
3% Annual Increases
Tenant Invested Over $750,000 in Building Upgrades
Real estate taxes (tenant reimburses)
• Roof and structure, costs of which are included in the operating expenses
• Tenant reimburses for RE taxes
• Tenant pays for all utilities directly
• Tenant pays for property insurance and
their own commercial general liability
insurance at its sole cost and expense
• Tenant is responsible for building systems
and interior maintenance & repairs
• Tenant responsible for 46% of project common area expenses
2 options to renew at Fair Market
Property Details
- Class
- A
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Distribution
- Lot Size (sq. ft)
- 187,744 SF
Highlights
- Tenant is a Fortune 50 Company
- Delivered May 2024
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