109 Professional Center Pky - Apartments FOR SALE


San Rafael, CA 94903- Smith Ranch
$7,175,000 USD
415-535-7414
109 Professional Center Pky, San Rafael, CA for Sale
$7,175,000 USD
Apartments - FOR SALE
1/21
null | 5.18% Cap Rate

109 Professional Center Pky
San Rafael, CA 94903
Smith Ranch


OVERVIEW

CBRE. as exclusive listing agent, is pleased to present the opportunity to purchase 109 Professional Center Parkway, The Heights Apartments, 20 units in San Rafael made up of ten (10) 1 bed 1 bath units, and two (10) 2 bed 1 bath units. With the AI boom spilling over from San Francisco, Marin County is becoming a critical secondary tech hub. This shift provides investors a unique opportunity to access and leverage Marin County’s expanding pool of skilled talent. NDA required to be signed by all interested purchasers before marketing materials can be made available. The Heights is Property 10 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio). The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team

FOR SALE DETAILS

PRICE

$7,175,000 USD

PRICE/SF

$500 USD /SF

# OF UNITS

20

PRICE/UNIT

$358,750

CAP RATE

5.18%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Heights

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

MR-21, San Rafael

APN/PARCEL ID

155-073-05

ASK ABOUT THIS PROPERTY

Ben MollahanCBREMore Info
415-535-7414

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Ben MollahanCBREMore Info
415-535-7414

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.