- Property Type: Commercial Office
- Offer Status: Sold!
- City: Mill Valley
- Units: 5
- Cap Rate: 5.14
- Building Size: 5,928 ft²
- Lot Size: 11,700 ft²
- Year Built: 1963
Investment Overview
Fully Leased Medical Offices
The two and one-half story wood frame building was constructed in 1963 and consists of a 5,928 square foot structure with 5,608 rentable square feet that sits on an 11,700 square foot lot. The property has five long-term medical professional tenants, one office tenant, 16+ on-site parking spaces and abundant street parking. In addition, the owner leases to Sprint a rooftop antenna facility and an equipment room in the basement.
The property has been extremely well maintained under the current 24-year ownership and includes a newer monument sign, a new roof in 2006, regular resurfacing of the parking area and recent new exterior paint.
Each tenant maintains their own office interior. There are excellent views from the second level and the easy access to the freeway make this building a highly desirable addition to an investor’s real estate portfolio.
This attractive medical professional office property is located just off the Tiburon/Mill Valley exit of Highway 101 at the gateway to the Tiburon Peninsula and downtown Mill Valley. The property is just 20 minutes to downtown San Francisco and near high end shopping, dining and the many natural amenities of world class Southern Marin County.