Marcus & Millichap is pleased to present The American Building at 1099 D Street, a 100% leased, medical office building and surgery center located in the prosperous city of San Rafael, California. This three-story attractive building, ideally located in the downtown submarket, contains 26,147 square feet of rentable space (with an integrated approximate 24,460 sq. ft. parking structure). The anchor tenant, a multi-specialty surgery center with a consortium of long-established surgeons based in San Francisco, is expanding their operations into Marin County. They are funding the tenant improvements for an 11,000 sq. ft. surgery center at a cost of approximately $10 million which includes complete demolition and rebuild of the space that is currently in for permit. The renovations were designed by a nationally recognized healthcare architecture firm, Boulder Architects.
The Property is highly accessible to visitors thanks to abundant on-site structured and secured parking, as well as the neighborhood’s impressive walkability scores of 98. Multiple public transportation are options are present, including ferry service to San Francisco and Oakland. Across D Street from the Property is the $36 million mission critical Public Safety Center (housing police, fire, EMT dispatchers, etc) and San Rafael City Hall.
Stable occupancy and strong rent growth highlight The American Building’s appeal to tenants and its status as a compelling legacy MOB asset in supply constricted Marin County. Please contact Listing Agents for Additional Details.