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Northgate Heights Business Center 1050 Northgate Dr 55,849 SF 73% Leased Office Building San Rafael, CA 94903 $11,000,000 ($196.96/SF)
Investment Highlights
- $1.3 MM in Recent Capital Upgrade
- Medical Tenancy
- Superb Marin County Location Adjacent to Rich Amenity Base
- Adjacent to Northgate Town Center Redevelopment
- Significant Cell Tower Income
- Future Upside through Lease-Up of Vacant Spaces
Executive Summary
Visit Property Website: https://platform.reverecre.com/project/5356ef86-d31b-49f7-8d7b-449c2b213c19
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
55,849 SF
Building Class
B
Year Built/Renovated
1969/2024
Price
$11,000,000
Price Per SF
$196.96
Percent Leased
73%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
9,308 SF
Building FAR
0.53
Lot Size
2.42 AC
Zoning
O, San Rafael
Parking
230 Spaces (4.12 Spaces per 1,000 SF Leased)
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Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 178-240-20 | Improvements Assessment | $10,939,074 |
| Land Assessment | $7,279,832 | Total Assessment | $18,218,906 |
Property Taxes
Parcel Number
178-240-20
Land Assessment
$7,279,832
Improvements Assessment
$10,939,074
Total Assessment
$18,218,906
Contacts
-
Seth McKinnon -
Haden Ongaro -
Mark Geisreiter -
Alisa Belew -
Josh Peterson -
Newmark
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Northgate Heights Business Center | 1050 Northgate Dr
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