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1500 Grant Ave
Novato, CA 94945
Novato Business Center · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Current occupancy of ±79%
- Heart of Downtown Novato
- On-site parking of ±56 spaces, in addition to street parking
- Well improved, turn-key suites and updated common areas
- ±35 suites ranging from 200 - 2,650 RSF
- Nearby to numerous restaurants, fitness and new housing in the pipeline
EXECUTIVE SUMMARY
1500 - 1516 Grant Avenue presents an investor with the opportunity to acquire a multi-tenanted, well occupied suburban office building within affluent Marin County at a compelling basis. A comprehensive offering memorandum is available upon signing a non-disclosure agreement.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
30,077 SF
Building Class
B
Year Built/Renovated
1968/2017
Price
$3,750,000
Price Per SF
$124.68
Percent Leased
80%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
13,500 SF
Building FAR
0.83
Lot Size
0.83 AC
Zoning
CBD:D
Parking
62 Spaces (1.72 Spaces per 1,000 SF Leased)
AMENITIES
- Conferencing Facility
- Wi-Fi
PROPERTY TAXES
| Parcel Number | 141-252-35 | Improvements Assessment | $3,807,055 |
| Land Assessment | $1,907,507 | Total Assessment | $5,714,562 |
PROPERTY TAXES
Parcel Number
141-252-35
Land Assessment
$1,907,507
Improvements Assessment
$3,807,055
Total Assessment
$5,714,562
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