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INVESTMENT HIGHLIGHTS
- Located in downtown San Rafael.
- 30 Minute reverse commute from San Francisco or Oakland.
- Served by the Larkspur Ferry with direct connections to the Smart Train.
EXECUTIVE SUMMARY
This two-story building was purchased in 2017 for $4M and completely renovated in 2018 with over $3M in improvements to create a state-of-the-art office space.
It offers a rare mix of modern creative office space with exposed timber trusses, multiple conference rooms, a beautiful commercial kitchen, open plan office areas, private offices, a second story break room, kitchen and collaboration area, with elevator service to the second floor.
The original building was constructed in approximately 1940 and has been expanded over the years, with a major exterior and seismic upgrade in the 2000's prior to the 2017 interior remodel and code upgrade.
The building is centrally located in downtown San Rafael and a wide selection of restaurants and amenities within easy walking distance.
It enjoys visibility along San Rafael's 3rd street corridor and is directly across the street from San Rafael's main Third and B street parking garage with over 200 spaces. The building is also part of the downtown San Rafael precise plan allowing redevelopment.
It offers a rare mix of modern creative office space with exposed timber trusses, multiple conference rooms, a beautiful commercial kitchen, open plan office areas, private offices, a second story break room, kitchen and collaboration area, with elevator service to the second floor.
The original building was constructed in approximately 1940 and has been expanded over the years, with a major exterior and seismic upgrade in the 2000's prior to the 2017 interior remodel and code upgrade.
The building is centrally located in downtown San Rafael and a wide selection of restaurants and amenities within easy walking distance.
It enjoys visibility along San Rafael's 3rd street corridor and is directly across the street from San Rafael's main Third and B street parking garage with over 200 spaces. The building is also part of the downtown San Rafael precise plan allowing redevelopment.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
11,860 SF
Building Class
B
Year Built/Renovated
1940/2018
Price
$3,900,000
Price Per SF
$328.84
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,930 SF
Building FAR
0.97
Lot Size
0.28 AC
Zoning
T4 Main Street T4MS 60/80 - T4 Main Street T4MS 60/80 (Section 2.3.040) - Office Use
Parking
5 Spaces (0.42 Spaces per 1,000 SF Leased)
AMENITIES
- Conferencing Facility
- Wheelchair Accessible
- Fiber Optic Internet
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Walk Score®
Walker's Paradise (98)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 011-262-25 | Improvements Assessment | $3,797,998 |
| Land Assessment | $2,437,176 | Total Assessment | $6,235,174 |
PROPERTY TAXES
Parcel Number
011-262-25
Land Assessment
$2,437,176
Improvements Assessment
$3,797,998
Total Assessment
$6,235,174
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1115 3rd St
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