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Office Building

For Sale


Property Type:
Asking Price: $1,195,000
Price/ Sq.Ft: $437.00
Price/Unit: $597,500.00

1314 Lincoln Avenue
San Rafael, CA 94901


Property Information

Tenant Name: Fair Housing of Marin, Owner
Description:
Efficient, well located, two-story professional office building with rear parking lot comprised of 11 parking spaces. Built in 1961 with recently completed downstairs interior and exterior remodelling and ADA upgrades including a front entry ramp. Unique front drop off driveway. Good street presence and San Rafael Transportation Center only 3 blocks away. There are both front and rear entrances to each floor. The first floor is currently occupied by Fair Housing Advocates of Northern California with a 5-year lease expiring July 31, 2019. They have served notice of their interest to exercise a 5-year option to renew at market rent rate. Seller/current 2nd floor tenant will vacate for new buyer, or sign a 3-year lease, terms to be agreed upon. Seller/current 2nd floor tenant will vacate for new buyer, or sign a 3-year lease, terms to be agreed upon. The office is situated in a very convenient location for professional offices, just a few blocks from Highway 101, Downtown San Rafael and it’s transportation center. Walk to downtown services and restaurants. The office is situated in a very convenient location for professional offices, just a few blocks from Highway 101, Downtown San Rafael and it’s transportation center. Walk to downtown services and restaurants.

Building Square Feet: 2,729
Land Square Feet: 8,100
CAP Rate: 3.71%
Units: 2
Gross Multiplier: n/a

Agent Information

HL Commercial Real Estate - John Monte (415-446-4214) (john@hlcre.com)


ID: 2107



No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawl without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.