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890 Lamont Ave 4,665 SF 100% Leased Office Building Novato, CA 94945 $1,200,000 ($257.23/SF)
Investment Highlights
- Owner-User Opportunity / Income in Place
- Four Suites with Four Separate Meters
- Recent Upgrades to HVAC, Roof and Paint
- Seller Leaseback Available
- Flexible Occupancy Options
- Convenient Highway 101 Access
Executive Summary
DESCRIPTION OF OPPORTUNITY
890 Lamont Avenue presents an opportunity to acquire a multi-suite office property with both investment income and owner-user flexibility. Built in 1985, the building totals approximately 4,665 square feet and is arranged across two floors with four separate suites. The layout allows a buyer to occupy a portion of the property while maintaining income from the remaining space. The property has been maintained by ownership and benefits from recent upgrades to HVAC, roof, and paint. In addition, the property is located within an office association, with monthly dues of $414 covering landscaping, insurance, and common area maintenance. This is a practical opportunity for an investor, partial owner-user, or buyer seeking phased occupancy over time.
OWNER-USER / RENTAL INCOME OPPORTUNITY
Occupy a portion of the building while collecting income from the balance. Existing month-to-month tenants would like to remain, and the seller is also willing to lease back a portion of the property, creating added income and flexibility for a new owner.
890 Lamont Avenue presents an opportunity to acquire a multi-suite office property with both investment income and owner-user flexibility. Built in 1985, the building totals approximately 4,665 square feet and is arranged across two floors with four separate suites. The layout allows a buyer to occupy a portion of the property while maintaining income from the remaining space. The property has been maintained by ownership and benefits from recent upgrades to HVAC, roof, and paint. In addition, the property is located within an office association, with monthly dues of $414 covering landscaping, insurance, and common area maintenance. This is a practical opportunity for an investor, partial owner-user, or buyer seeking phased occupancy over time.
OWNER-USER / RENTAL INCOME OPPORTUNITY
Occupy a portion of the building while collecting income from the balance. Existing month-to-month tenants would like to remain, and the seller is also willing to lease back a portion of the property, creating added income and flexibility for a new owner.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,665 SF
Building Class
B
Year Built
1985
Price
$1,200,000
Price Per SF
$257.23
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,332 SF
Slab To Slab
9’
Building FAR
1.37
Lot Size
0.08 AC
Zoning
PUD, Novato - Planned Unit Development
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Ackeret Sheron LLP
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
- Bay Doctors LLC
- Administrative and Support Services
- -
- -
- -
- -
- C & W Group LLC
- Information
- -
- -
- -
- -
- Gale Sutow & Associates
- Services
- -
- $16.80
- Full Service
- Mar 2023
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Ackeret Sheron LLP | Professional, Scientific, and Technical Services | - | - | - | - | |
| Bay Doctors LLC | Administrative and Support Services | - | - | - | - | |
| C & W Group LLC | Information | - | - | - | - | |
| Gale Sutow & Associates | Services | - | $16.80 | Full Service | Mar 2023 |
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 153-121-29 | Improvements Assessment | $1,210,409 |
| Land Assessment | $515,068 | Total Assessment | $1,725,477 |
Property Taxes
Parcel Number
153-121-29
Land Assessment
$515,068
Improvements Assessment
$1,210,409
Total Assessment
$1,725,477
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890 Lamont Ave
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