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1525 Francisco Blvd E

5,149 SF 100% Leased Office Building San Rafael, CA 94901 $1,765,000 ($343/SF) 7.49% Cap Rate

Office Space California San Rafael 1525 Francisco Blvd E, San Rafael, CA 94901

Investment Highlights

  • Owner has invested over $200,000 in tenant improvements and upgrades.
  • There are 55 parking spaces, including two handicapped ones. 16 parking spaces are unreserved and go with the 8 units.
  • Property is in the AE flood zone (1%).
  • Owners Association is responsible for roof, exterior paint, landscape, parking lot, insurance, water and refuse
  • Allows for Cannabis testing/lab, delivery, manufacturing, and distribution. It houses two of only five San Rafael licensed delivery services.

Executive Summary

100% LEASED INVESTMENT OPPORTUNITY - 6 LEASES IN PLACE The property consists of 8 commercial office condominiums, four on each floor, located at the front of 1525 Francisco Boulevard E., San Rafael. Per the condominium plat map, the size of each floor is ±2,574.69 SF or ± 5,149.28 SF total. The second floor is accessed by stairs on either side of the building and has an access deck in front for the offices. In addition, there are four individual storage closets adjoining the units.

Attachments

1525 E Francisco Blvd San Rafael 10-31-24

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
5,149 SF
Building Class
C
Year Built
1980
Price
$1,765,000
Price Per SF
$343
Cap Rate
7.49%
NOI
$132,204
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,575 SF
Building FAR
0.09
Land Acres
1.26 AC
Zoning
LI/O - Light Industrial /Office District
Parking
55 Spaces (10.68 Spaces per 1,000 SF Leased)

Amenities

  • Signage
1 of 1
1525 Francisco Blvd E, San Rafael, CA - aerial map view
1525 Francisco Blvd E, San Rafael, CA - Site Plan Image

PROPERTY TAXES

Parcel Numbers
Multiple
  • 009-310-03
  • 009-310-06
  • 009-310-08
  • 009-310-07
  • 009-310-01
  • 009-310-02
  • 009-310-04
  • 009-310-05
 Improvements Assessment $1,350,956
Land Assessment $578,980 Total Assessment $1,929,936

PROPERTY TAXES

Parcel Numbers
Multiple
  • 009-310-03
  • 009-310-06
  • 009-310-08
  • 009-310-07
  • 009-310-01
  • 009-310-02
  • 009-310-04
  • 009-310-05
Land Assessment
$578,980
Improvements Assessment
$1,350,956
Total Assessment
$1,929,936
(415) 526-7660

  • Listing ID: 28270510

  • Date on Market: 4/19/2023

  • Last Updated:

  • Address: 1525 Francisco Blvd E, San Rafael, CA 94901

More public record information on 1525 Francisco Blvd E, San Rafael, CA 94901

The Office Property at 1525 Francisco Blvd E, San Rafael, CA 94901 is currently available For Sale. Contact Newmark for more information.

Office PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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1525 Francisco Blvd E, San Rafael, CA for sale Building Photo- Image 1 of 5
Primary Photo
1525 Francisco Blvd E, San Rafael, CA for sale Aerial- Image 2 of 5
Aerial Photo
1525 Francisco Blvd E, San Rafael, CA for sale Building Photo- Image 3 of 5
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1525 Francisco Blvd E, San Rafael, CA for sale Site Plan- Image 4 of 5
Site Plan of Condos

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1525 Francisco Blvd E
(415) 526-7660 x

1525 Francisco Blvd E

Jerry Suyderhoud

(415) 526-7660

(415) 526-7660

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