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Office Building

For Sale


Property Address:
1314 Lincoln Avenue
San Rafael, CA 94901
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Property Information

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.

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

Tenant Name: Fair Housing of Marin, Owner
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