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Northgate Professional Center 899 Northgate Dr 57,245 SF 65% Leased Office Building San Rafael, CA 94903 $11,000,000 ($192.16/SF)
Investment Highlights
- $2.0 MM in recent capital upgrades
- WALT 4.5 Years
- Future Upside through Lease-Up of Vacant Spaces
- Adjacent to Northgate Town Square Redevelopment
- Superb Marin County Location Adjacent to Rich Amenity Base
Executive Summary
Visit Property Website: https://platform.reverecre.com/project/5356ef86-d31b-49f7-8d7b-449c2b213c19
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
57,245 SF
Building Class
B
Year Built
1985
Price
$11,000,000
Price Per SF
$192.16
Percent Leased
65%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
11,449 SF
Building FAR
0.80
Lot Size
1.65 AC
Zoning
O, San Rafael
Parking
236 Spaces (4.12 Spaces per 1,000 SF Leased)
Amenities
- Roof Terrace
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 175-360-13 | Improvements Assessment | $12,575,220 |
| Land Assessment | $7,396,564 | Total Assessment | $19,971,784 |
Property Taxes
Parcel Number
175-360-13
Land Assessment
$7,396,564
Improvements Assessment
$12,575,220
Total Assessment
$19,971,784
Contacts
-
Seth McKinnon -
Haden Ongaro -
Mark Geisreiter -
Alisa Belew -
Josh Peterson -
Newmark
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Northgate Professional Center | 899 Northgate Dr
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