250 Bel Marin Keys Blvd - Medical FOR SALE


Novato, CA 94949
$2,395,000 USD
415-531-2815
250 Bel Marin Keys Blvd, Novato, CA for Sale
$2,395,000 USD
Medical - FOR SALE
1/10
null | 5.2% Cap Rate

250 Bel Marin Keys Blvd
Novato, CA 94949


OVERVIEW

Located at the corner of Bel Marin Keys Boulevard and Digital Drive, Building A is in the Creekwood Professional Center, which is comprised of seven buildings in a PUD development. Each building sits on its own lot and the outside area is owned in common and professionally maintained and managed. Insurance, water, refuse, and landscaping are in common and is paid via monthly dues. The second-floor executive offices are all on short term leases which is an opportunity for an owner user to take the entire floor and obtain long term SBA financing. Building A was refurbished 3 years ago from a single tenant building to four units on the ground floor under long term leases and 18 individual executive offices on the second floor. 17 of those are rented with one office being used as a conference room available to any tenant. Parking is in common. The interior height is nine feet, allowing a more luxuries feeling. It is zoned PD (planned development) and allows the only medical use in the Bel Marin Keys industrial park. Additional uses include professional offices, artists, and therapists. Personal service uses are not allowed.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg A

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

PD

APN/PARCEL ID

157-421-19

ASK ABOUT THIS PROPERTY

Jerry SuyderhoudNewmarkMore Info
415-531-2815

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Jerry SuyderhoudNewmarkMore Info
415-531-2815

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