7428 Redwood Blvd
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7428 Redwood Blvd
12,205 SF 96% Leased Office Building Novato, CA 94945 $4,200,000 ($344/SF) 6.36% Cap Rate
Investment Highlights
- 2 ground floor medical tenants occupying highly improved space
- Elevator served
- Minimal short and medium term capital expenditures required
- Long term upstairs office tenants with nice build outs and good mix in lease terms
- Abundant natural light in all the suites along with private decks on 2nd floor
Executive Summary
7428 Redwood Boulevard is a terrific, hard to find investment opportunity in Novato California. The building has had significant upgrades over the last five years. There is a top of the line dental suite, an Urgent Care office, as well as 2nd floor elevator served office spaces. High end build outs and staggered lease expiration dates make this a very safe long term investment opportunity.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
12,205 SF
Building Class
B
Year Built
1992
Price
$4,200,000
Price Per SF
$344
Cap Rate
6.36%
NOI
$267,050
Percent Leased
96%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,103 SF
Slab To Slab
11’
Building FAR
0.58
Lot Size
0.48 AC
Zoning
C2
Parking
42 Spaces (3.44 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 201 | 1,430 SF | Office | - | 30 Days |
| 2nd Fl-Ste 205 | 475 SF | Office | - | Now |
2nd Fl-Ste 201
| Size |
| 1,430 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| 30 Days |
2nd Fl-Ste 205
| Size |
| 475 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
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2nd Fl-Ste 201
| Size | 1,430 SF |
| Space Use | Office |
| Condition | - |
| Available | 30 Days |
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2nd Fl-Ste 205
| Size | 475 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
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Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 153-011-52 | Improvements Assessment | $1,820,496 |
| Land Assessment | $568,905 | Total Assessment | $2,389,401 |
PROPERTY TAXES
Parcel Number
153-011-52
Land Assessment
$568,905
Improvements Assessment
$1,820,496
Total Assessment
$2,389,401
Learn More About Investing in Office Space
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7428 Redwood Blvd
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