217 Harbour Way
An income-producing waterfront asset in the Bay Area's tightest-vacancy industrial submarket.
14,686 SF is under a long-term NNN lease to Catholic Charities of the East Bay, giving a buyer immediate, low-management cash flow while the remaining 30,349 SF is leased up or occupied by an owner-user.
Sitting inside Richmond's Bay Plan port-priority corridor, the building offers a rare mix of hard-to-permit industrial zoning with direct proximity to the Port of Richmond's marine terminals — a combination few Bay Area sites can still offer.
Offered for sale at $6,750,000 or lease at $0.95/SF NNN monthly, with the term negotiable — workable for an investor, an owner-user backfilling the vacant 30,349 SF, or a tenant seeking waterfront-adjacent space on its own timeline.
Two blocks from the Richmond Ferry Terminal, with direct San Francisco Bay Ferry service to the SF Ferry Building — a genuine recruiting advantage for any tenant competing for San Francisco- or Marin-based talent.
Reinforced-concrete construction, ~20' clear height, 1,200-amp power, full sprinklers, and exclusive off-street parking — a clean, adaptable base building for office, R&D, light industrial, or nonprofit/institutional use.
A short walk from historic Richmond's village core — restaurants, cafes, and shops along Washington Ave — giving tenants and employees an amenity base that most East Bay industrial parks can't match.
Building specifications
Richmond & the Richmond waterfront
217 Harbour Way sits at the edge of Richmond, one of the East Bay's most distinct industrial-to-mixed-use waterfront districts — a historic ferry and rail terminus that has spent the last two decades attracting logistics, R&D, and creative-office users priced out of Oakland and San Francisco.
The Richmond Ferry Terminal is roughly two blocks away at 1453 Harbour Way S, running San Francisco Bay Ferry service directly to the SF Ferry Building — a rare transit-to-transit commute option for an industrial-zoned property, and a real amenity for recruiting office or hybrid staff.
The surrounding Port of Richmond handles bulk, break-bulk, and auto cargo across several marine terminals, and the neighborhood is inside a Bay Plan port-priority zone — meaning heavier industrial and marine-served uses remain protected and permittable here in a way they increasingly aren't elsewhere on the Bay.
Walking distance from the building, historic Richmond village along Washington Avenue offers restaurants, cafes, and small retail in a low-rise, pedestrian-scaled downtown — giving the property an amenity base more typical of an office submarket than an industrial one.
Institutional demand is arriving on this exact street.
In one of the largest East Bay industrial leases of 2026, OpenAI signed for a roughly 202,000 SF facility on a 25.9-acre waterfront parcel — a five-minute walk south down the same street as 217 Harbour Way. The deal, alongside OpenAI's simultaneous ~450,000 SF Mountain View campus lease, signals that large, well-capitalized tenants now see Richmond's deep-water, port-priority waterfront as a serious alternative to core Bay Area logistics and R&D nodes.
For a smaller building on the same corridor, this kind of anchor tenancy typically pulls asking rents and buyer interest up with it — the standard "rising tide" effect of a major user validating a submarket.
Source: CBRE Richmond Industrial Figures, Q2 2026
How we'd position this listing
This is a rare combination in today's market: real in-place income, from an investment-grade nonprofit tenant, on a site with port-priority industrial zoning that the City of Richmond is no longer inclined to grant elsewhere. Even before the OpenAI news, that pairing would justify a premium; with a 202,000 SF anchor tenant now two blocks away, the case for buying ahead of the curve gets stronger.
We'd underwrite three paths and let the buyer pool sort itself: (1) an investor taking the Catholic Charities income as a floor and backfilling the vacant 30,349 SF at or near the market's $8.86/SF asking average; (2) an owner-user occupying the vacant space directly, with the existing NNN lease offsetting a meaningful share of carrying cost; or (3) a straight lease of the 30,349 SF for a tenant that wants port-adjacent, ferry-accessible space without a purchase.
Given rising rents and tightening availability across Richmond's industrial base, we would not expect this pricing to hold indefinitely if the OpenAI lease is followed by further large commitments in the corridor — worth flagging to any buyer weighing a slower decision timeline.
Get rent roll detail, floor plans, and comparable sales for 217 Harbour Way.
Let's talk about 217 Harbour Way.
jida@lee-associates.com
Brendan Gallagher — (760) 846-1736
242 California St, San Francisco, CA 94111