118 Mitchell Blvd - Warehouse FOR SALE


San Rafael, CA 94903- Smith Ranch
$1,700,000 USD
415-300-5777
118 Mitchell Blvd, San Rafael, CA for Sale
$1,700,000 USD
Warehouse - FOR SALE
1/12
null | Request Cap Rate

NEW


118 Mitchell Blvd
San Rafael, CA 94903
Smith Ranch


OVERVIEW

Rare Owner-User Industrial Opportunity with Exceptional Infrastructure & Seller Financing Positioned in the highly sought-after industrial corridor of San Rafael, 118-120 Mitchell Blvd. presents a rare opportunity for an owner-user or savvy investor to acquire a premium, turn-key, stand-alone commercial facility. Boasting 4,025 +/- square feet of high-cube warehouse space on a substantial 12,240 +/- square foot fully improved lot, this concrete tilt-up building is engineered to support a wide range of intense commercial, industrial, or fleet-based operations. With immediate, seamless access to Highway 101 via Smith Ranch Road, the property ensures optimal logistics and connectivity for clients, employees, and transit vehicles alike. To eliminate modern banking friction and facilitate a rapid transaction, the owner is offering highly flexible seller financing terms. Qualified buyers can secure this property with a $650,000 down payment, enjoying competitive interest-only payments and a flexible 3-year balloon structure, bypassing the prolonged delays and rigid underwriting of traditional commercial lenders. Unmatched Sustainable Infrastructure & Zero Utility Costs At a time when operational overhead and utility rates are soaring, this facility offers a massive, built-in competitive advantage: near-zero ongoing electricity costs. The property features a substantial, fully owned commercial solar photovoltaic system engineered to offset the building’s power demands entirely. This sophisticated system is seamlessly integrated over a premium, high-durability roof consisting of a built-up bitumen base coated in a 1/4-inch layer of 100% silicone. Reconditioned in 2019, this 50-year roof system guarantees decades of worry-free, weather-resistant protection while fueling your business with free, clean energy. Complementing the solar generation is an extraordinarily robust power footprint. The facility is equipped with three independent, recently refreshed PG&E electrical services, providing a combined capacity that is virtually unheard of for a building of this size. The service distribution includes two independent 200A 3-phase services and an additional 125A single-phase service. This heavy-duty infrastructure is perfectly optimized for high-demand manufacturing equipment, specialized fabrication, heavy machinery, or rapid EV fleet charging stations. Superior Site Utility, Security, & Flexible Layout The exterior of the property provides an expansive, fully paved concrete yard space that directly addresses one of Marin County's rarest commodities: premium outdoor storage and parking utility. Securely enclosed by 8-foot perimeter fencing with comprehensive privacy screening, the lot features a locking, rolling front gate that creates a highly fortified compound. The site easily accommodates on-site parking and staging for up to 14 vehicles, making it an ideal hub for fleet vehicles, contractor equipment, or container storage. This outdoor utility is anchored by a robust exterior lighting configuration and an active surveillance camera system for 24/7 peace of mind. Inside, the building features an efficient, open-span layout with an impressive 15-foot clear height to the bottom of the main roof-span beams, scaling up to 16 feet between the beams. Logistics are handled via two newer 9’ x 14’ automated electric roll-up doors, providing efficient, grade-level access for loading and unloading. Furthermore, the building offers exceptional asset flexibility. Thoughtfully designed with independent dual entry points, segregated utilities, and matching automated roll-up doors, the property can be easily demised into two separate, self-contained units. This allows an owner-user to occupy one side of the building while leasing out the other for immediate passive income, or gives an investor a highly resilient, multi-tenant asset. Permissive Zoning & Absolute Control Zoned LI/O (Light Industrial / Office District), the property accommodates a remarkably diverse list of permitted uses, explicitly including automotive repair and service. Finally, because this is a true stand-alone building on its own parcel, there are absolutely no common area maintenance (CAM) fees or association restrictions. You retain complete, uncompromised control over your asset, your yard, and your operational schedule. Cooperative broker commission is proudly offered—please inquire for specific financing parameters or to schedule a private walkthrough.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$422 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, R&D, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

15 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.28

LAND SF

12,240

ZONING

LI/O

APN/PARCEL ID

155-151-17

ASK ABOUT THIS PROPERTY

Eric Millerpac solarMore Info
415-300-5777

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Eric Millerpac solarMore Info
415-300-5777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.