Bldg A 250 Bel Marin Keys Blvd 10,148 SF 100% Leased Office Building Novato, CA 94949 $2,200,000 ($216.79/SF) 5.66% Cap Rate

Located at the corner of Bel Marin Keys Boulevard and Digital Drive, Building A is in the Creekwood Professional Center, which is comprised of seven buildings in a PUD development. Each building sits on its own lot and the outside area is owned in common and professionally maintained and managed. Insurance, water, refuse, and landscaping are in common and is paid via monthly dues. The second-floor executive offices are all on short term leases which is an opportunity for an owner user to take the entire floor and obtain long term SBA financing. Building A was refurbished 3 years ago from a single tenant building to four units on the ground floor under long term leases and 18 individual executive offices on the second floor. 17 of those are rented with one office being used as a conference room available to any tenant. Parking is in common.
The interior height is nine feet, allowing a more luxuries feeling. It is zoned PD (planned development) and allows the only medical use in the Bel Marin Keys industrial park. Additional uses include professional offices, artists, and therapists. Personal service uses are not allowed.