unique owner -user · sausalito, california • currently owned and occupied by the united states...

FOR SALE UNIQUE OWNER-USER OPPORTUNITY :: 150 Harbor Drive SAUSALITO, CALIFORNIA

• Currently owned and occupied by the United States Postal Service

• ± 13,260 SF Building / 2.07 Acre Site

• Irreplaceable redevelopment opportunity

• Current building configuration allows for flexibility in use

• Ability to increase density to 40% FAR

• Prominent highly-affluent area in southern Marin County

Don LeBuhn Lic. 01821805 415.772.0248 [email protected]

FOR MORE INFORMATION CONTACT:

CBRE, Inc. 101 California St, Suite 4400 San Francisco, CA 94111 415.772.0123

David Noravian Lic. 01419471 415.772.0178 [email protected]

Ben Lazzareschi Leasing Specialist Lic. 01414579 415.772.0335 [email protected]

FOR SALE Sausalito Main Post Office 150 HARBOR DR, SAUSALITO

OFFERING INFORMATION

Address: 150 Harbor Drive, Sausalito CA 94965

Price: $5,237,700

Price PSF: $395 PSF

EXECUTIVE SUMMARY

CBRE, Inc. is pleased to offer for sale 150 Harbor Drive located in Sausalito, California. The property is an existing post office containing 13,260 SF of rentable area on a site of 90,169 SF. The improvements were constructed in 1987. The property is prominently located on Harbor Drive with parking areas on both its north and south sides. The north side of the building has the main entrance and a secondary entrance is located on the west side. The rear of the building is mostly warehouse with offices around the perimeter, storage rooms, two restrooms and a maintenance room. The HVAC components are on the roof. The central area of the warehouse has a large skylight.

PROPERTY INFORMATION

Building Size: ± 13,260 SF

Land Size: ± 90,169 SF or 2.07 acres

Year Built: 1987

APN: 063-130-03

Zoning: PI, Public Institutional

Stories: 1

Dock Height Doors: 2

Construction Type: Masonry

Parking: 82 spaces


150 Harbor Drive


Current Zoning Zoning Overlay

Zoning Jurisdiction Sausalito Sausalito

Zoning Designation PI Marinship Overlay

Description Public Institutional Industrial Marinship District

Legally Conforming? Yes Yes

Permitted Uses Libraries, museums, schools, parks, and government facilities

General industrial or marine industrial uses are permitted with use permits including light manufacturing, R&D buildings for manufacturing purposes only, trade schools, industrial sales and rentals, and vehicle maintenance and repair. Commercial and retail uses are limited to 40% of the floor area permitted to the parcel and must be accompanied by non-commercial uses. Commercial and retail uses that are established consistent with this requirement are permitted to remain if the non-commercial use vacates. However, the vacant tenant space may not be utilized for uses other than non-commercial use.

REDEVELOPMENT OPPORTUNITY

If the site were vacant, a building area of approximately 36,068 square feet could be developed based on the maximum floor area ratio (FAR) of 40% in the current zoning regulations. Densities of similar sites are generally consistent with the maximum FAR under the Industrial Marinship zoning. Therefore, it appears that the development potential of the site as if vacant would be 36,068 square feet of building area. This compares with the subject’s actual developed gross building area of 13,260 square feet.

Category PI Zoning Requirement Marinship Overlay Requirement

Minimum Lot Area N/A N/A

Minimum Lot Width N/A 20 ft

Minimum Setbacks 10 ft from the side and 20 ft from the rear when located adjacent to residential district

20 ft adjacent to H district or 30 ft adjacent to P district

Maximum Bldg. Height 32 ft 32 ft

Maximum Site Coverage N/A 0.5

Maximum Floor Ratio N/A 0.4

Parking N/A

1 per 500 SF for general and limited industry. 1 per 450 SF for R&D. 1 per 2,000 SF for wholesale, distribution, and storage. 1 per 1,000 SF for marine industrial uses.

TENANT OVERVIEW

2012 Estimated Population 6,586 40,311 65,436

2017 Projected Population 6,620 40,609 65,894

2000 Census Population 1.02% 1.88% 2.32%

1990 Census Population 0.52% 0.74% 0.70%

Growth 2000-2012 46.24 47.21 46.50

Growth 2012-2017 6,586 40,311 65,436

2012 Estimated Median Age 6,620 40,609 65,894

2012 Estimated Households 3,461 18,935 29,192

2017 Projected Households 3,501 19,164 29,491

Growth 2000-2012 0.74% 0.13% 0.42%

Growth 2012-2017 1.17% 1.21% 1.02%

2012 Est. Average Household Size 1.89 2.13 2.23

Income Less than $15,000 9.60% 6.30% 5.60%

Income $15,000 to $24,999 6.30% 5.30% 4.80%

Income $25,000 to $34,999 5.70% 4.50% 4.40%

Income $35,000 to $49,999 9.70% 7.60% 7.30%

Income $50,000 to $74,999 14.90% 13.60% 13.80%

Income $75,000 to $99,999 12.50% 10.90% 11.20%

Income $100,000 to $149,999 17.20% 17.70% 18.20%

Income $150,000 to $199,999 8.80% 8.80% 9.40%

Income $200,000 to $499,999 12.00% 17.50% 18.00%

Income $500,000 and over 3.30% 7.60% 7.30%

2012 Est. Median Household Income $82,059 $104,241 $107,079

1 mile 3 mile 5 mile

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FOR SALE Sausalito Main Post Office

SITE

150 HARBOR DR, SAUSALITO

unique owner -user · sausalito, california • currently owned and occupied by the united states...

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