175-185 Market St - Warehouse FOR SALE


San Rafael, CA 94901- Canal
$3,515,000 USD
415-762-8064
175-185 Market St, San Rafael, CA for Sale
$3,515,000 USD
Warehouse - FOR SALE
1/7
null | 5.5% Cap Rate

Feb '27


175-185 Market St
San Rafael, CA 94901
Canal


HIGHLIGHTS

  • Fully leased to four essential-service tenants providing stable, diversified income with no tenant occupying more than roughly one-third of the rba.
  • Reset basis at $3,515,000, offering an efficient below-replacement entry point in a prime infill industrial market.
  • Major improvements including new TPO roof, LED lighting, skylights, insulation, upgraded bathrooms, electrical enhancements, and paving/lot work.
  • Prime location with immediate access to US-101 and I-580, supporting strong tenant retention, operational efficiency, and long-term liquidity.

OVERVIEW

The property includes two connected Butler metal warehouses totaling about 15,500 SF on a 0.46-acre parcel. Built in 1959, the buildings were recently improved with a new TPO roof, LED lighting, skylights, insulation, and upgraded bathrooms. The clear-span bays reach 21' at the center, with multiple grade-level doors and 400-amp, 3-phase power. Parking is available along the frontage. 175–185 Market is now a true “sleep-at-night” industrial hold: fully leased cash flow from day one, with upside you can actually point to. You’re buying in-place income at a reset basis, with staggered lease expirations (one shorter-term rollover, the rest longer-dated) that create a defined rent-reset opportunity—without underwriting a lease-up. The tenant mix is service/auto oriented—uses that need industrial zoning, can’t be done remotely, and tend to stay put. The location is pure infill/last-mile (quick access to US-101), which supports liquidity and re-tenanting. Add in recent major capex, and you’re inheriting a cleaner capital stack with less “surprise” spending. It’s also the most liquid part of the industrial market—small bay space—driving steady demand from local operators and 1031 buyers. Bottom line: a simple, durable Marin industrial story—cash flow today, controlled rollover risk, and a clear path to future rent growth.

FOR SALE DETAILS

PRICE

$3,515,000 USD

PRICE/SF

$227 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Manufacturing, Showroom, Truck Terminal

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

UTILITIES

-

CLEAR CEILING HT

21 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46

LAND SF

20,038

ZONING

GC & CCI/O

APN/PARCEL ID

008-101-05

ASK ABOUT THIS PROPERTY

Ces CecchinMeridian CommercialMore Info
415-762-8064

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Ces CecchinMeridian CommercialMore Info
415-762-8064

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