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- LoopNet Team
1111 Andersen Dr
San Rafael, CA 94901
Office Property For Sale
PROPERTY FACTS
ABOUT 1111 ANDERSEN DR , SAN RAFAEL, CA 94901
±25,000 SF two-story office/warehouse with ±4,000 SF warehouse • ±3.33 acres (±145,054 SF) • Currently leased by Comcast as North Bay site for its fulfillment operations • Over 200 vehicle parking spaces • Leased to January 31, 2023, with (2) five-year options • Annual rent increase of 2% • Originally built for Comcast Predecessor in 1984 • Comcast has right to purchase until 12/25/18 • Triple net lease • Monthly rent as of 2/1/19 is $48,424.98 • Annual rent as of 2/1/19 is $578,915.76 • 4.47% capitalization rate • Zoned: LI/O (Light Industrial/Office) • Under 20% FAR (Floor area ratio) • Continually occupied by Cable TV operator since new • Original plans show 241 car parking
PROPERTY TAXES
| Parcel Number | 018-180-63 | Improvements Assessment | $5,354,400 |
| Land Assessment | $8,924,000 | Total Assessment | $14,278,400 |
PROPERTY TAXES
