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880 Las Gallinas Ave 6,467 SF 87% Leased Office Building San Rafael, CA 94903 $2,399,000 ($370.96/SF) 6.75% Cap Rate
Executive Summary
West End Properties is pleased to present the opportunity to acquire 880 Las Gallinas, a well-maintained garden-style office property totaling approximately 6,467 rentable square feet in Marin County, California. The project features small, direct-access suites with a history of long-term tenancy, serving a stable mix of medical, office, and service-oriented professionals who live and work in the San Rafael area. The property has benefited from significant capital improvements, including updated roof and HVAC systems within the past 10 years. Conveniently located near Highway 101, 880 Las Gallinas offers excellent accessibility and close proximity to the retail and dining amenities of Northgate Mall and Northgate II. Additional features include a gated on-site parking area, as well as ample street parking for tenants and visitors.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
6,467 SF
Building Class
B
Year Built
1966
Price
$2,399,000
Price Per SF
$370.96
Cap Rate
6.75%
NOI
$161,933
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,467 SF
Building FAR
0.46
Lot Size
0.32 AC
Zoning
N/Av, San Rafael - Office/Medical/Dental
Parking
28 Spaces (4.67 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
“Prime location offering effortless parking and close proximity to Safeway and Walgreens.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 3 | 867 SF | Medical | - | Now |
1st Fl-Ste 3
| Size |
| 867 SF |
| Space Use |
| Medical |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 3
| Size | 867 SF |
| Space Use | Medical |
| Build-Out | - |
| Available | Now |
“Prime location offering effortless parking and close proximity to Safeway and Walgreens.
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Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 175-321-27 | Improvements Assessment | $1,275,000 |
| Land Assessment | $663,000 | Total Assessment | $1,938,000 |
Property Taxes
Parcel Number
175-321-27
Land Assessment
$663,000
Improvements Assessment
$1,275,000
Total Assessment
$1,938,000
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Presented by
West End Properties
880 Las Gallinas Ave
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