1133-1143 Magnolia Ave - Freestanding FOR SALE


Larkspur, CA 94939
$8,250,000 USD
415-706-0008
1133-1143 Magnolia Ave, Larkspur, CA for Sale
$8,250,000 USD
Freestanding - FOR SALE
1/4
null | 7.29% Cap Rate

1133-1143 Magnolia Ave
Larkspur, CA 94939


HIGHLIGHTS

  • Outstanding exposure & access on Magnolia Avenue
  • Potential development opportunity
  • One of Larkspur's most traveled thoroughfares
  • https://buildout.com/website/Shops

OVERVIEW

Coldwell Banker Commercial Realty is pleased to present the Shops of Magnolia, an 23,600 square foot neighborhood retail strip center that is only 42.18% occupied by 7 tenants and is being offered for just under $350 per square foot. Immediate upside exists in leasing up the 13,600 square feet of vacant space, which includes a 6,500 square foot anchor space. The property is well positioned for future development.

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$349 USD /SF

CAP RATE

7.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops at Magnolia

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

NEC Commercial

APN/PARCEL ID

020-034-14

ASK ABOUT THIS PROPERTY

Steven CaravelliColdwell Banker Commercial RealtyMore Info
415-706-0008

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Steven CaravelliColdwell Banker Commercial RealtyMore Info
415-706-0008

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