for sale: office building...san rafael, ca 94903 contact: bob knez (415) 446-4220 [email protected]...
TRANSCRIPT
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
Contact:Bob Knez
(415) [email protected]#: 00640535
Mark Cooper(415) [email protected]# 01814831
891-899 Sir Francis Drake Blvd., San Anselmo, CA
• 5 Commercial Units • Multifamily Development Opportunity• Under Market Rents• Medical/Dental Uses Allowed
For Sale: Office Building
Asking Price: $1,250,000Price Per Sq. Ft.: $ 357 psfCurrent CAP Rate: 3.81%Proforma CAP Rate: 5.47%Total Building Sq. Ft.: 3,500 +/- sq. ft.
Offering Summary
Owner/User
Opportunity!!
8/2/19
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
Contact:Bob Knez
(415) [email protected]#: 00640535
Mark Cooper(415) [email protected]# 01814831
For Sale: Office Building891-899 Sir Francis Drake Blvd., San Anselmo, CA 95960
Building/Space Description:
This fully leased property, a five-tenant office building, has a great tenant mix with some dental and medical practices. Offices have their own reception area, entry and restroom. The property is easy to manage with low owner operating expenses. Each unit is metered separately for water and electricity and tenants pay their own garbage. Long term existing tenants.
Location Description:
This property is located near downtown San Anselmo, across the street from Red Hill Shopping Center and close to restaurants, banks and markets.
Property Details:
Assessor’s Parcel #: 006-081-01Total Square Feet of Building: 3,500 +/- sq. ft. Total Square Feet of Land: 10,125 +/- sq. ft. Year Constructed: 1953+/- Type of Construction: Wood frame and masonryRoof Type: Composite ShingleFoundation: Concrete with piersParking: 10 spaces on siteHeating and Air Conditioning: YesFire Sprinklers: NoZoning Designation: P (Professional District)Flood Zone Designation: Zone X (An area that is determined to be outside the 100- and 500-year floodplains)
Financial Terms:
Sale Price: $1,250,000 ($357.14 psf) All cash to seller. Possible 10% down financing from Small Business Administration to a qualified buyer who occupies at least 50% of the building.
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
Contact:Bob Knez
(415) [email protected]#: 00640535
Mark Cooper(415) [email protected]# 01814831
For Sale: Office Building891-899 Sir Francis Drake Blvd., San Anselmo, CA 95960
San RafaelDowntown San Anselmo
Click here to View in Google Maps
SIR FRANCIS DRAKE BLVD.
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
Contact:Bob Knez
(415) [email protected]#: 00640535
Mark Cooper(415) [email protected]# 01814831
For Sale: Office Building891-899 Sir Francis Drake Blvd., San Anselmo, CA 95960
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
Contact:Bob Knez
(415) [email protected]#: 00640535
Mark Cooper(415) [email protected]# 01814831
For Sale: Office Building891-899 Sir Francis Drake Blvd., San Anselmo, CA 95960
Tax Assessor’s Map: 006-081-01
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
Contact:Bob Knez
(415) [email protected]#: 00640535
Mark Cooper(415) [email protected]# 01814831
For Sale: Office Building891-899 Sir Francis Drake Blvd., San Anselmo, CA 95960
Annual Cash Flow Operating Statement891-899 Sir Francis Drake, San Anselmo, CA
New Buyer Proforma
GROSS SCHEDULED RENTAL INCOME $81,636.00 $105,000.00 LESS VACANCY ALLOWANCE 3%) (2,449.08)$ (3,150.00)$ GROSS OPERATING INCOME 79,186.92$ 101,850.00$
ANNUAL OPERATING EXPENSES Gardening/Landscaping 1,440.00$ 1,440.00$ Insurance-Building & Liability 2,337.00$ 2,337.00$ Management Fees: Offsite (5% of GOO) 4,081.80$ 5,092.50$ Buisness License 254.00$ 254.00$ Repair & Maintenance (4% of GOO) 3,265.44$ 4,200.00$ Taxes - Real Property (1% + $7,665 addons) 20,165.00$ 20,165.00$
12,500.00$ TOTAL OPERATING EXPENSES 31,543.24$ 33,488.50$
NET INCOME 47,643.68$ 68,361.50$
Cap Rate @ $1,250,000 sale price 3.81% 5.47%Size Sq. Ft: 3,500 3,500GRM: 15.312 11.90Price Per Sq. Ft. $357.14 $357.14Sale Price $1,250,000.00
Annual Cash Flow Operating Statement
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
Contact:Bob Knez
(415) [email protected]#: 00640535
Mark Cooper(415) [email protected]# 01814831
For Sale: Office Building891-899 Sir Francis Drake Blvd., San Anselmo, CA 95960
Site Plan Not to Scale
Suite 891532 +/- sf Suite 893
777 +/- sfSuite 895777 +/- sf
Suite 897735 +/- sf
Suite 899679 +/- sf