Post on 12-Oct-2020
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N O N - E N D O R S E M E N T & D I S C L A I M E R N O T I C E
C O N F I D E N T I A L I T Y & D I S C L A I M E RThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus
& Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared
to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained
herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect
to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements,
the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon,
or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained
in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information
contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy
or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service
mark of Marcus & Millichap Real Estate Investment Services, Inc.
© 2018 Marcus & Millichap. All rights reserved.
N O N - E N D O R S E M E N T N O T I C EMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's
logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or
any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to
prospective customers. Activity ID: XXXXXX
A L L P R O P E R T Y S H O W I N G S A R E B Y A P P O I N T M E N T O N L Y .P L E A S E C O N S U L T Y O U R M A R C U S & M I L L I C H A P A G E N T F O R M O R E D E T A I L S .
OFFICES THROUGHOUT THE U.S. AND CANADAwww.marcusmillichap.com
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I N V E S T M E N T O V E R V I E WS E C T I O N 1 O ffer ing Summar y • Proper t y Detai lsOperat ing Statement • Rent Rol l • Regional MapAer ia l M ap • Proper t y Photos • Acquis i t ion Financing
M A R K E T I N G O V E R V I E WS E C T I O N 2 M arket Analys is • Demographic Analys is
TABLE OF CONTENTS
Investment Overview
o f f e r i n g s u m m a r y
s u m m a r y o f t e r m s
i n v e s t m e n t o v e r v i e w
i n v e s t m e n t h i g h l i g h t s
s e c t i o n 1
I N V E S T M E N T H I G H L I G H T S
The Ida Group of Marcus & Millichap is pleased to present the opportunity to acquire 100 23rd St in Richmond, the historical Nash Garage site in Richmond, CA. The Nash Garage is a 10,180 SF vacant garage space that is prime for an owner/user to take advantage of the location or a developer planning on using the flexible zoning. This site
anchors Richmonds automotive row and is the entrance to the main retail and downtown of the city of Richmond. The property is broken up into 7 auto bays, each with individual access through a rollup door. The building has been partly
converted into live/work units which should the new owner want to continue the project could provide a significant value add.
The offering provides a fantastic opportuntiy for an owner/user looking to occupy space in the East Bay or an Investor looking to reposition the asset for a new tenant.
Industrial Warehouse Opportunity
T h e N a s h G a r a g e
Significant Capital Improvements
Heavy 600 Amps 3 Phase Power
Flexible Zoning Allow for a Variety of Industrial or Redevelopment Options
Brand New Roof and Significant Capital Improvements
Very High Visibility and Access From Main Thoroughfares
5 Individual Bays Allows Owner to Subdivide for Multiple Tenants
E X E C U T I V E S U M M A R Y6
PRICING AND DESCRIPTION // THE NASH GAR AGE
Total Rentable Area 10,180
Bldg SF 8,770
Mezzanine SF 1,410
Lot AC .38 AC
Lot SF 16,547
Price/RBA $216/sf
Price/Lot $132/sf
Power 600 AMP 3 Phase
Garages 5
Clear Heights 18 ft
Roll-up Doors 6
Occupancy Vacant
100 23rd St Richmond, CA 94804
OFFERING PRICE
$2 ,200,000
P R O P E R T Y D E S C R I P T I O N 7
Z oning and Floorplan // THE NASH GAR AGE
E X E C U T I V E S U M M A R Y8
CM-5 Commercial Mixed-Use, Activity CenterCM-5 Commercial Mixed-Use, Activity CenterThis district is intended for mid and high-rise mixed-use development at major activity centers to serve the community and residents and businesses in the San Francisco Bay Area. Office, retail, entertainment and residential uses are allowed. Standards for physical form will create an urban character as envisioned in the General Plan with streets with minimal setbacks, wide sidewalks and public spaces that cater to pedestrians and transit riders.
E X E C U T I V E S U M M A R Y8
E X E C U T I V E S U M M A R Y 9
S U B J E C TP R O P E R T Y
P R O P E R T Y D E S C R I P T I O N10
T H E N A S H G A R A G E
P R O P E R T Y D E S C R I P T I O N 11
S P E C I A L C O V I D - 1 9 N O T I C E
C O N F I D E N T I A L I T Y & D I S C L A I M E RAll potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions
as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not
been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing
investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as
lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory,
financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial
statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their
own projections, analyses, and decision-making.)
OFFICES THROUGHOUT THE U.S. AND CANADAwww.marcusmillichap.com
C ole FerrariSan Francisco
(415) 625-2198cole.ferrari@marcusmillichap.com
License: CA 02093715
Aidan Brors enSan Francisco
(415) 625-2169aidan.brorsen@marcusmillichap.com
License: CA 02101818
Jef fre y IdaFirst Vice President
San FranciscoDirect: (415) 625-2196 // Cell: (415) 828-7679
jeffrey.ida@marcusmillichap.comLicense: CA 01826381
Brendan G al lag herSan Francisco
(415) 625-2110 brendan.gallagher@marcusmillichap.com
License: CA 02047890
E X C L U S I V E L Y L I S T E D B Y