270 Miller Ave - Office/Residential FOR SALE


Mill Valley, CA 94941- Molino-Edgewood
$3,800,000 USD
415-297-6817
270 Miller Ave, Mill Valley, CA for Sale
$3,800,000 USD
Office/Residential - FOR SALE
1/27
null | 8.05% Cap Rate

270 Miller Ave
Mill Valley, CA 94941
Molino-Edgewood


OVERVIEW

270 Miller Avenue presents a rare, single tenant NNN leased investment opportunity in the heart of Mill Valley. This cash-flowing asset generates $306,000 in annual net operating income, offering investors an 8.1% cap rate with built-in growth through 2% annual rent escalations. The property is secured by a long-term lease with 18 years remaining on a 25-year lease, providing exceptional income stability. Located along highly desirable Miller Avenue, the property benefits from strong frontage, excellent visibility, and proximity to downtown Mill Valley’s retail, dining, and lifestyle amenities. With recent renovations and flexible RM-P zoning, 270 Miller Avenue is a high-quality, low-maintenance investment in a premier market.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$792 USD /SF

CAP RATE

8.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

RM-P

APN/PARCEL ID

028-186-11

ASK ABOUT THIS PROPERTY

Brian FosterCushman & WakefieldMore Info
415-297-6817

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Brian FosterCushman & WakefieldMore Info
415-297-6817

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