1917-1919 Bridgeway, Sausalito | 1917-1919 Bridgeway
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1917-1919 Bridgeway, Sausalito 1917-1919 Bridgeway
2,666 SF 100% Leased Retail Building Sausalito, CA 94965 $3,400,000 ($1,275/SF)
Executive Summary
* 2 Commercial Buildings on 2 lots located at 1917-1919 Bridgeway, Sausalito.
* A highly visible corner location.
* Fully occupied by Tenants.
* 2 lots:
1) APN 064-141-02 (1917 Bridgeway) Built 1917 (1911 sq.ft. per tax record)
2) APN 064-141-01 (1919 Bridgeway). Built 1931 (755 sq.ft. per tax record)
* Easy to show.
* 3 commercial tenants:
1) 1917 Bridgeway ground floor: Fred’s Coffee Shop established since 1966.
Rent: $11,593 / month - Lease expiration: July 9, 2028, rent escalation 2.5% annual, and option period (5 + 5).
2) 1917 Bridgeway 2nd floor: Ocean Spa
Rent: $2,404 / month, Lease expiration: 10/31/2026, rent escalation 3%, and option period: none.
3) 1919 Bridgeway Ground floor: SwanZen Spa
$3,090 / month, Lease expiration 10/31/2025, rent escalation 3%, and option period 3 years.
Located in beautiful City of Sausalito across the Golden Gate Bridge, A highly visible corner location on Bridgeway & Spring Street corner.
* A highly visible corner location.
* Fully occupied by Tenants.
* 2 lots:
1) APN 064-141-02 (1917 Bridgeway) Built 1917 (1911 sq.ft. per tax record)
2) APN 064-141-01 (1919 Bridgeway). Built 1931 (755 sq.ft. per tax record)
* Easy to show.
* 3 commercial tenants:
1) 1917 Bridgeway ground floor: Fred’s Coffee Shop established since 1966.
Rent: $11,593 / month - Lease expiration: July 9, 2028, rent escalation 2.5% annual, and option period (5 + 5).
2) 1917 Bridgeway 2nd floor: Ocean Spa
Rent: $2,404 / month, Lease expiration: 10/31/2026, rent escalation 3%, and option period: none.
3) 1919 Bridgeway Ground floor: SwanZen Spa
$3,090 / month, Lease expiration 10/31/2025, rent escalation 3%, and option period 3 years.
Located in beautiful City of Sausalito across the Golden Gate Bridge, A highly visible corner location on Bridgeway & Spring Street corner.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,666 SF
Building Class
C
Year Built/Renovated
1917/1931
Price
$3,400,000
Price Per SF
$1,275
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.44
Lot Size
0.14 AC
Parking
10 Spaces per 1,000 SF Leased
Frontage
55 FT on Bridgway
Amenities
- Corner Lot
- Restaurant
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Freds Place Coffee Shop
- Accommodation and Food Services
- -
- -
- -
- Ocean Spa
- Services
- -
- -
- -
- SwanZen Spa
- Services
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Freds Place Coffee Shop | Accommodation and Food Services | - | - | - | ||
| Ocean Spa | Services | - | - | - | ||
| SwanZen Spa | Services | - | - | - |
Walk Score ®
Very Walkable (74)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $706,931 | |
| Land Assessment | $1,178,220 | Total Assessment | $1,885,151 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,178,220
Improvements Assessment
$706,931
Total Assessment
$1,885,151
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