For Sale
$2,750,000

86 Hamilton Dr Novato, CA 94949

Prime Distribution Center w/ Income

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional light industrial building in Novato's Hamilton Business Park presents a fantastic owner-occupancy opportunity with existing rental income. Located at 86 Hamilton Drive, 94949, this 9,447 square foot property boasts a desirable location within the Bel Marin Keys neighborhood. The building features eight grade-level roll-up doors, a fully sprinklered system, and a gated, secure yard, enhancing its functionality and security. Currently, 4,478 square feet are leased to a tenant through November 30, 2026, with a three-year option at fair market value. The tenant pays $5,801.45 monthly rent plus $350 for common area maintenance, providing a consistent income stream. The remaining 4,969 square feet is available vacant at closing, ideal for an owner-user seeking space for their business or storage. The property is zoned PD and has an APN of 157-331-19 157-331-20. Recent renovations and excellent maintenance are evident throughout. This divisible space offers a unique blend of immediate income and ample room for expansion, making it an attractive investment opportunity. The asking price is $2,750,000, with a price per square foot of $291.10. The lease type is gross, and the tenancy is multi.

Highlights

  • Fully sprinklered system.
  • Existing rental income; 4,478 SF leased through 11/30/2026 with a 3-year option, generating $5,801.45/month plus $350 CAM.
  • Recently remodeled.
  • Divisible space; 4,969 SF vacant at closing.
  • Eight grade-level roll-up doors.
  • Well-maintained building.

Property Details for 86 Hamilton Dr

Property type
Industrial properties, Distribution centers
Square Feet
9,447 SF

Location Insight

City
Novato
County
Marin
State
California
Latitude
38.0726224
Longitude
-122.5383094

FAQs

What type of property is this?
Industrial property - Prime Distribution Center w/ Income
Where is the industrial property located?
The property is located at 86 Hamilton Dr Novato, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Fully sprinklered system.; Existing rental income; 4,478 SF leased through 11/30/2026 with a 3-year option, generating $5,801.45/month plus $350 CAM.; Recently remodeled.
How can I contact the broker?
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86 Hamilton Dr
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