5400 Hanna Rnch Rd, Novato, CA 94945

18,440 SF | Industrial Building | Novato, CA 94945 | $7,400,000 ($401/SF) | 5% Cap Rate

Asking Price $7,400,000

Property Type
Industrial
Price / Square Foot
$401

Listing Contacts

Brian Foster
Brian Foster
Steven Leonard
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

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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