70 Skyview Ter - Office FOR SALE


San Rafael, CA 94903
$3,650,000 USD
415-461-1010
70 Skyview Ter, San Rafael, CA for Sale
$3,650,000 USD
Office - FOR SALE
1/5
null | 6.7% Cap Rate

70 Skyview Ter
San Rafael, CA 94903


HIGHLIGHTS

  • Unique investment: perfect for nonprofits and preschool uses
  • Convenient and central location in Marin County
  • Excellent demographics
  • Value-add opportunity

OVERVIEW

Keegan & Coppin Company, Inc. is pleased to offer for sale a unique investment opportunity in central Marin County, California. Formerly an elementary school, this property offers four specialized structures, a parking lot, and a large playground area, all on one parcel. All but one building is currently occupied, providing a value-add opportunity for an investor to lease the vacancy, or as an owner-occupant possibility. Several of the structures have been updated with recent improvements, including HVAC systems and ADA restroom enhancements. There is possibility for additional development as well. The current tenants of the property are nonprofit businesses and a preschool, meeting the Master Use Permit requirements for uses on the property. There is a very healthy nonprofit business industry in Marin County, and preschool locations are rare to find, providing demand for investments like 70 Skyview Terrace. The site is nestled in a hillside residential community of Terra Linda in San Rafael, Marin’s largest city, providing a picturesque and bucolic setting which perfectly suits its occupants. With ease of access to Highway 101, this charming property is within a short distance to many retail, dining, and service-related industries. The Northgate Shopping Centers (including Safeway and CVS) and the Northgate Mall (including Macy’s, Peet’s Coffee, Cinemark Century Cinema, and Kohl’s) are within approximately 1.5 miles.

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$561 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.21 AC

LAND SF

96,268 SF

ZONING

PD

APN/PARCEL ID

165-230-27

ASK ABOUT THIS PROPERTY

Theo BanksKeegan & Coppin Company, Inc.More Info
415-461-1010

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

Theo BanksKeegan & Coppin Company, Inc.More Info
415-461-1010

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