111 Smith Ranch Rd | San Rafael, CA 94903
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- LoopNet Team
111 Smith Ranch Rd
San Rafael, CA 94903
Single Tenant Kaiser Medical Office · Office Property For Sale
Investment Highlights
- 100% Leased to Kaiser Permanente (S&P: AA- credit rating) - psychiatry and addiction medicine service. Term through 8/2031 with 2 x 5 year options
- Marin County ranks Top 5 nationally in household income - High barriers to entry for medical office space, strong demographics
- Kaiser extended its lease for an additional five years through August 2031 and have two additional five-year extension options
- Kaiser invested millions into tenant improvements in 2014 and 2019 (specialized interiors + IT infrastructure), demonstrating long term commitment
- ±0.5 miles from Kaiser’s 150,000 SF headquarters campus - 2.5 miles from Kaiser San Rafael Medical Center (116-bed hospital)
- Landlord installed 95.5kW Solar panels and infrastructure in 2023, along with recent roof replacement, resealed parking lot and resealed windows
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
27,200 SF
Building Class
C
Year Built
1993
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
13,600 SF
Building FAR
0.07
Lot Size
8.47 AC
Zoning
PD - Planned Development
Parking
88 Spaces (3.24 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 155-251-74 | Improvements Assessment | $6,067,503 |
| Land Assessment | $845,764 | Total Assessment | $6,913,267 |
Property Taxes
Parcel Number
155-251-74
Land Assessment
$845,764
Improvements Assessment
$6,067,503
Total Assessment
$6,913,267
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