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20 Sunnyside Ave 7,521 SF 94% Leased Office Building Mill Valley, CA 94941 $5,199,000 ($691.26/SF) 7.55% Cap Rate
EXECUTIVE SUMMARY
Cushman & Wakefield is proud to present 20 Sunnyside Avenue, a premier office building in the heart of Mill Valley’s vibrant downtown.
This trophy asset offers 7,521 square feet of high-end office space and is currently 93.71% leased to a diverse roster of successful professional
and medical tenants. Situated just steps from an array of top-tier restaurants, coffee shops, bars, and amenities, the property embodies
the work-life balance that Mill Valley residents and professionals highly value.
With strong in-place income and staggered lease expirations, 20 Sunnyside provides a rare opportunity to acquire a stabilized, institutional-quality asset with secure cash flow. The property is also strategically positioned to capitalize on Mill Valley’s growing office demand and anticipated near-term rent growth as market fundamentals in Marin County and the Greater Bay Area continue to strengthen.
This offering represents a unique chance to invest in one of the Bay Area’s most sought-after office markets.
This trophy asset offers 7,521 square feet of high-end office space and is currently 93.71% leased to a diverse roster of successful professional
and medical tenants. Situated just steps from an array of top-tier restaurants, coffee shops, bars, and amenities, the property embodies
the work-life balance that Mill Valley residents and professionals highly value.
With strong in-place income and staggered lease expirations, 20 Sunnyside provides a rare opportunity to acquire a stabilized, institutional-quality asset with secure cash flow. The property is also strategically positioned to capitalize on Mill Valley’s growing office demand and anticipated near-term rent growth as market fundamentals in Marin County and the Greater Bay Area continue to strengthen.
This offering represents a unique chance to invest in one of the Bay Area’s most sought-after office markets.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,521 SF
Building Class
A
Year Built/Renovated
1964/2022
Price
$5,199,000
Price Per SF
$691.26
Cap Rate
7.55%
NOI
$392,525
Percent Leased
94%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,761 SF
Building FAR
1.33
Lot Size
0.13 AC
Zoning
C-D - Downtown Commercial with variety of professional office and services allowed
Parking
8 Spaces (1.06 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Skylights
- Storage Space
- Central Heating
- Natural Light
- Open-Plan
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Advantis Global
- Administrative and Support Services
- -
- -
- -
- Azreal Katz
- -
- -
- -
- -
- Box Credit LLC
- Finance and Insurance
- -
- -
- -
- Bright Antenna Records
- Information
- -
- -
- -
- California Association-black
- Professional, Scientific, and Technical Services
- -
- -
- -
- DeMartini Joint Account
- -
- -
- -
- -
- Judy's Breadsticks Of Mendocino Inc
- Manufacturing
- -
- -
- -
- Louis & A Demartini Joint Account
- -
- -
- -
- -
- Mary McClain
- -
- -
- -
- -
- Mill Valley Insurance
- Finance and Insurance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Advantis Global | Administrative and Support Services | - | - | - | ||
| Azreal Katz | - | - | - | - | ||
| Box Credit LLC | Finance and Insurance | - | - | - | ||
| Bright Antenna Records | Information | - | - | - | ||
| California Association-black | Professional, Scientific, and Technical Services | - | - | - | ||
| DeMartini Joint Account | - | - | - | - | ||
| Judy's Breadsticks Of Mendocino Inc | Manufacturing | - | - | - | ||
| Louis & A Demartini Joint Account | - | - | - | - | ||
| Mary McClain | - | - | - | - | ||
| Mill Valley Insurance | Finance and Insurance | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Newly renovated office spaces in the heart of downtown Mill Valley with extensive window line and views of Mt. Tam. The building is a 3 minute walk to The Depot, Mill Valley Market, Equator Coffee, and a wide variety of other shops, restaurants, and more. Flexible lease terms and move-in ready, available immediately.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste E | 473 SF | Office | Spec Suite | Now |
2nd Fl-Ste E
| Size |
| 473 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
2nd Fl-Ste E
| Size | 473 SF |
| Space Use | Office |
| Condition | Spec Suite |
| Available | Now |
Newly renovated office spaces in the heart of downtown Mill Valley with extensive window line and views of Mt. Tam. The building is a 3 minute walk to The Depot, Mill Valley Market, Equator Coffee, and a wide variety of other shops, restaurants, and more. Flexible lease terms and move-in ready, available immediately.
1 1
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 028-065-01 | Improvements Assessment | $2,122,400 |
| Land Assessment | $3,183,600 | Total Assessment | $5,306,000 |
PROPERTY TAXES
Parcel Number
028-065-01
Land Assessment
$3,183,600
Improvements Assessment
$2,122,400
Total Assessment
$5,306,000
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20 Sunnyside Ave
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