516-522 3rd St 12,968 SF Office Building San Rafael, CA 94901 $4,013,977 CAD ($309.53 CAD/SF)
INVESTMENT HIGHLIGHTS
- 2010 High Quality Construction
- Condominium Project Advantages
- Ideal Convenient Location
- Four Condominiums (3 Residential/1Commercial)
EXECUTIVE SUMMARY
Keegan & Coppin Company is pleased to offer for sale this downtown San Rafael mixed use condominium project. Constructed in 2010 to the highest quality standards, the project includes a single ground floor commercial condominium, and three residential condominiums situated above a grade level parking garage.
The commercial condominium was leased to United Markets’ corporate office since the project was constructed until the lease expired at the end of 2024. The commercial condominium is vacant.
Three leased residential condominiums are well appointed large studio units.
Benefiting from a convenient downtown location near all services and immediate freeway access, this offering represents a unique opportunity for either an investor or owner-user to acquire a modern constructed project with the flexibility associated with a wholly owned existing condominium project.
The commercial condominium was leased to United Markets’ corporate office since the project was constructed until the lease expired at the end of 2024. The commercial condominium is vacant.
Three leased residential condominiums are well appointed large studio units.
Benefiting from a convenient downtown location near all services and immediate freeway access, this offering represents a unique opportunity for either an investor or owner-user to acquire a modern constructed project with the flexibility associated with a wholly owned existing condominium project.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
12,968 SF
Building Class
B
Year Built
2009
Price
$4,013,977 CAD
Price Per SF
$309.53 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
6,484 SF
Building FAR
0.69
Lot Size
0.43 AC
Zoning
T5N 40/60
Parking
17 Spaces (1.31 Spaces per 1,000 SF Leased)
1 of 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 014-123-33 | Improvements Assessment | $1,730,799 CAD |
| Land Assessment | $1,906,132 CAD | Total Assessment | $3,636,931 CAD |
