INCOME PROPERTY FOR SALE
INDUSTRIAL BUILDING IN REDWOOD CITY’S COVETED OPPORTUNITY ZONE
3018 Spring Street, Redwood City, CA 94063
3018Spring.com
TYPE: INDUSTRIAL C ZONING: ML00IR USE: MANUFACTURING (LIGHT) BUILDING SIZE: 6,524 SF LAND SIZE: 18,949 SF APN: 055-084-030
OFFERED AT $4,500,000
DAVID RENDINO & NADIA HATTAR RHOADES, INCOME PROPERTY SPECIALISTS 707.696.3742 DRENDINO@MAC.COM | 415.678.6269 NADIAHRHOADES@GMAIL.COM
RE/MAX MARKETPLACE IS PROUD TO PRESENT
INDUSTRIAL BUILDING IN REDWOOD CITY’S COVETED OPPORTUNITY ZONE RE/MAX Marketplace is proud to present 3018 Spring Street, a rare opportunity located on a desirable corner lot in a rapidly developing area. Presently used as a truck repair shop, this property offers 7,000 square feet situated on a near 19,000 square foot light industrial zoned lot. The building includes three bay doors: one 15 feet, and the other two are 13 feet tall. The building also includes a remote overhead crane with a 3-ton lift capacity and additional trade fixtures that are negotiable. Gated parking on-site for approximately 30 commercial truck vehicles. The property enjoys a "grandfathered" use, commercial trucking repair difficult to duplicate. The property will be delivered vacant and ready for immediate occupancy. Buyers are invited to explore the myriad of development possibilities allowed for this zoning. Located in Redwood City's Opportunity Zone, this property is minutes away from several highly-regarded university campuses and tech companies. The property is walking distance to The Stanford Redwood City Campus and The Broadway Plaza Project, Redwood City's largest housing developments, which will accommodate affordable housing for a projected total of 1,400 residents. Just a quick drive from nationally ranked tech employers, such as Google, Facebook, Sony, and Oracle. Other nearby amenities include The Redwood City Caltrain Station, which offers a seamless commute into San Fransisco. Redwood City's mid-Peninsula location provides easy access to Highway 101, Interstate 280, and Highway 92.
DAVID RENDINO & NADIA HATTAR RHOADES, INCOME PROPERTY SPECIALISTS 707.696.3742 DRENDINO@MAC.COM | 415.678.6269 NADIAHRHOADES@GMAIL.COM
PROPERTY SUMMARY REPORT
DAVID RENDINO & NADIA HATTAR RHOADES, INCOME PROPERTY SPECIALISTS 707.696.3742 DRENDINO@MAC.COM | 415.678.6269 NADIAHRHOADES@GMAIL.COM
PARCEL OUTLINE
DAVID RENDINO & NADIA HATTAR RHOADES, INCOME PROPERTY SPECIALISTS 707.696.3742 DRENDINO@MAC.COM | 415.678.6269 NADIAHRHOADES@GMAIL.COM
ZONING MAP
DAVID RENDINO & NADIA HATTAR RHOADES, INCOME PROPERTY SPECIALISTS 707.696.3742 DRENDINO@MAC.COM | 415.678.6269 NADIAHRHOADES@GMAIL.COM
LOCATION
The first phase of Stanford Redwood City Campus 35-acre campus is home to approximately 2,700 Stanford staff members. The campus was designed to reflect Stanford’s spirit, mission and culture of discovery, learning, and contributing to a better world. The 35-acre site was once home to Mid-Point Technology Park, Excite@Home and Ampex, the electronics company that pioneered reel-to-reel tape recorders. Stanford purchased the land in 2005, shortly after Stanford Health Care purchased four buildings on Broadway that are now outpatient clinics. Over the next 11 years, the university developed plans, conducted extensive public outreach, sought community feedback and worked with the planning commission and city council in the approval process. Construction began in 2017. Today, the new campus includes four modern office buildings, a café and outdoor promenade and plazas, a child care center, parking garage and employee wellness center. The structures and spaces were designed to operate cohesively as a campus and to ensure flexibility for future academic, office, research and medical uses. The covered arcades, French limestone exteriors, terracotta design elements and open, well-lighted interiors echo elements of newer buildings on Stanford’s main campus. The campus provides workspace for about 2,700 employees (including three of the university’s eight vice presidents) working in critical areas such as the School of Medicine administration, libraries and archives, business affairs, human resources, development and Land, Buildings & Real Estate. Stanford will be the city’s third-largest employer in Redwood City. The new state-of-the-art campus enables the university to keep academic activities concentrated in one location and to bring together a number of organizations – formerly scattered in various locations on and off campus – in a center of excellence and a vibrant workplace. Information provided by Stanford University
LOCATION
Information provided by Stanford University
COMMUTER LOCATION
Stanford Campus
10-Minute Walk
Broadway Plaza Project
6-Minute Drive
Facebook Headquarters
11-Minute Drive
Googleplex
13-Minute Drive
Oracle Headquarters
12-Minute Drive
Visa Headquarters
13-Minute Drive
Sony Headquarters
14-Minute Drive
Cisco Headquarters
24-Minute Drive
DAVID RENDINO & NADIA HATTAR RHOADES, INCOME PROPERTY SPECIALISTS 707.696.3742 DRENDINO@MAC.COM | 415.678.6269 NADIAHRHOADES@GMAIL.COM
OPPORTUNITY ZONE
Opportunity Zones are a new tool for community development. Established in the Tax Cuts and Jobs Act of 2017, Opportunity Zones provide tax incentives for investment in designated census tracts. California Opportunity Zones will support new investments in environmental justice, sustainability, climate change, and affordable housing. For more information visit https://opzones.ca.gov.
DAVID RENDINO & NADIA HATTAR RHOADES, INCOME PROPERTY SPECIALISTS 707.696.3742 DRENDINO@MAC.COM | 415.678.6269 NADIAHRHOADES@GMAIL.COM
DAVID RENDINO
NADIA HATTAR RHOADES
RE/MAX MARKETPLACE OWNER
REALTOR AT RE/MAX MARKETPLACE
DRE# 01252035
DRE# 02043034
707.696.3742
415.678.6269
DRENDINO@MAC.COM RENDINOSREALESTATE.COM
NADIAHRHOADES@GMAIL.COM NADIAHATTARRHOADES.COM
David and Erika Rendino are one of the most respected real estate teams in Sonoma County and are the founding owners of RE/MAX Marketplace.
Born and raised in the Bay Area, Nadia Hattar-Rhoades is a second-generation agent who learned the ins and outs of the trade from her father, a residential and commercial realtor. She has since spent her time perfecting the qualities of a successful real estate agent.
They are recognized by clients and peers as ethical, accomplished and dedicated. They continue to set the standard for excellence, market knowledge, and elite customer service. With more than 25 years of combined experience, David and Erika have closed over 1,000 transactions since 1998.
Whether she is helping an investor achieve their financial goals, or welcoming a new family to her local community, Nadia is devoted to ensuring that her clients can rely on her.