Your email has been sent.
Investment Highlights
- Secure Cash Flow – Long-Term Tenancies
- Superb Marin County Location Adjacent to Rich Amenity BaseSuperb Marin County Location Adjacent to Rich Amenity Base
- Recovering Market Fundamentals
- Hospital Campus Adjacency / Conversion to Medical Uses
- Future Upside through Lease-Up of Vacant Spaces | Owner-User Potential
Executive Summary
Newmark’s Bay Area Private Capital Group is pleased to present the opportunity to acquire the fee-simple interest in 88 Rowland Way, a +/-65,000 square foot office / medical offering located in Novato in highly desirable Marin County California (the “Property”). Currently 55% leased with a weighted average lease term of 4.2 years, the Property offers a stable in-place income base with significant income upside through the lease-up of remaining vacancies at a historically attractive basis.
Built in 1995, the Property is a three-story modern office building with 235 surface parking stalls (3.65/1,000 SF) providing ample parking. Positioned adjacent to Highway 101, 88 Rowland Way is next to the Sutter Health Novato Community Hospital Campus, a 47-bed short-term acute care facility and 170,000+ square foot medical office campus with orthopedic and surgery centers and adjacent medical office buildings. It is also across Rowland Way from MarinHealth/UCSF’s largest off campus facility, positioning the asset for future medical tenancies. The project also benefits from adjacency to the expansive Vintage Oaks Shopping Center, featuring a wide variety of dining and shopping options, outstanding nearby amenities that will help attract and retain tenants at the building.
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
The California Department of Rehabilitation began in 1963 and serves Californians with disabilities through employment and independent living support. The department provides vocational rehabilitation, job placement and retention assistance, student services, assistive technology guidance, independent living services, and disability advocacy. The California Department of Rehabilitation works with consumers and community partners across a wide network of field offices and independent living centers, and it also administers disability access services within state government.
CellMark is a privately-owned, independent marketing and supply chain services company providing products, services and solutions to customers and suppliers all over the world. They facilitate trade and business development across multiple industries using their many local offices and professional expertise. Through a network of 70-plus offices in 30-plus countries, CellMark provides a full suite of services: sourcing, sales and marketing, exclusive representation, finance, logistics, regulatory compliance, business development and custom chemicals manufacturing. They also partner with clients to identify new business opportunities that add value to their processes and products, or sometimes serve purely as an external sales or sourcing division for their client.
The Division of Child Support Services is responsible for establishing and enforcing orders for child support. Their Mission: Children deserve the security of having their needs met. Parents are responsible for providing financial, medical and emotional support for their children. To achieve these goals, they establish and enforce child support orders, treating all parties with respect, and serve the community through outreach and education.
Sport and Spine Therapy of Marin (SSTM), is a privately owned physical therapy practice with three locations in San Anselmo, Novato, and Petaluma. Since 1987, SSTM has been dedicated to providing the highest quality of physical therapy services to their patients. The focus of their practice is on their local communities and their neighboring counties. They have expanded their services to include Golf Fitness, Pilates, Massage, and ForLIFE Programs, as they strive to improve health and wellness within their communities SSTM specializes in orthopedic and sports-specific physical therapy including: rehabilitation for joint replacements, spine care, and sports-related injuries. In addition, SSTM offers hand therapy and treats neurological disorders along with balance and fall prevention. They have earned a reputation for quality, accessibility, and individualized care, and are known for effective communication with patients and doctors.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Public Administration | - | - | Lorem Ipsum | Jan 0000 | |
|
Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Highly efficient layout. Reception, breakroom, 5 private offices. Entry direct from main lobby. Please contact Newmark Knight Frank for office uses. Please contact Bayside Realty Partners for medical uses.
Flexible layout. Extensive windowline and views.
Shell space. Flexible layout. Extensive windowline and views.
Third floor, market ready space. Furniture available.
Excellent Freeway Access & Visibility. Proximity to Abundant Adjacent Amenities. Recently Renovated Common Areas. 3:1000 Parking with Additional Spaces. Shared with Neighboring Properties.Counter Commute from most of Marin. Early Freeway Exit for Sonoma, Napa, and Solano County Residents. Please contact Newmark Knight Frank for office uses. Please contact Bayside Realty Partners for medical uses.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 165 | 2,770 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 180 | 10,109 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 275 | 2,000-7,565 SF | Office/Medical | Full Build-Out | Now |
| 3rd Fl-Ste 310 | 6,081 SF | Office/Medical | Full Build-Out | 30 Days |
| 3rd Fl-Ste 320 | 2,856 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 165
| Size |
| 2,770 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 180
| Size |
| 10,109 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 275
| Size |
| 2,000-7,565 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 310
| Size |
| 6,081 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
3rd Fl-Ste 320
| Size |
| 2,856 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 165
| Size | 2,770 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Now |
Highly efficient layout. Reception, breakroom, 5 private offices. Entry direct from main lobby. Please contact Newmark Knight Frank for office uses. Please contact Bayside Realty Partners for medical uses.
1st Fl-Ste 180
| Size | 10,109 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Now |
Flexible layout. Extensive windowline and views.
2nd Fl-Ste 275
| Size | 2,000-7,565 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Now |
Shell space. Flexible layout. Extensive windowline and views.
3rd Fl-Ste 310
| Size | 6,081 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Third floor, market ready space. Furniture available.
3rd Fl-Ste 320
| Size | 2,856 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Now |
Excellent Freeway Access & Visibility. Proximity to Abundant Adjacent Amenities. Recently Renovated Common Areas. 3:1000 Parking with Additional Spaces. Shared with Neighboring Properties.Counter Commute from most of Marin. Early Freeway Exit for Sonoma, Napa, and Solano County Residents. Please contact Newmark Knight Frank for office uses. Please contact Bayside Realty Partners for medical uses.
Property Taxes
| Parcel Numbers | Improvements Assessment | $14,108,844 | |
| Land Assessment | $4,363,501 | Total Assessment | $18,472,345 |








