1115-1117 3rd St - Office FOR SALE


San Rafael, CA 94901- Downtown San Rafael
$3,900,000 USD
415-322-5064
1115-1117 3rd St, San Rafael, CA for Sale
$3,900,000 USD
Office - FOR SALE
1/36
null | Request Cap Rate

1115-1117 3rd St
San Rafael, CA 94901
Downtown San Rafael


HIGHLIGHTS

  • Located in downtown San Rafael.
  • Served by the Larkspur Ferry with direct connections to the Smart Train.
  • 30 Minute reverse commute from San Francisco or Oakland.

OVERVIEW

This two-story building was purchased in 2017 for $4M and completely renovated in 2018 with over $3M in improvements to create a state-of-the-art office space. It offers a rare mix of modern creative office space with exposed timber trusses, multiple conference rooms, a beautiful commercial kitchen, open plan office areas, private offices, a second story break room, kitchen and collaboration area, with elevator service to the second floor. The original building was constructed in approximately 1940 and has been expanded over the years, with a major exterior and seismic upgrade in the 2000's prior to the 2017 interior remodel and code upgrade. The building is centrally located in downtown San Rafael and a wide selection of restaurants and amenities within easy walking distance. It enjoys visibility along San Rafael's 3rd street corridor and is directly across the street from San Rafael's main Third and B street parking garage with over 200 spaces. The building is also part of the downtown San Rafael precise plan allowing redevelopment.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$329 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

R&D

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

T4 Main Street T4MS 60/80

APN/PARCEL ID

011-262-25

ASK ABOUT THIS PROPERTY

Kareem BarzegarKidder MathewsMore Info
415-322-5064

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Kareem BarzegarKidder MathewsMore Info
415-322-5064

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.