415-395-4964
, Larkspur, CA for Sale
Office - FOR SALE
1/2
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2 & 18 Bon Air Road, Larkspur, CA
Larkspur, CA
Outer San Rafael/Larkspur


HIGHLIGHTS

  • 100% leased to MarinHealth (Marin Healthcare District - Moody's Aa2) through 12/31/2031 with 3.25% annual escalations.
  • State-of-the art medical outpatient building with cardiology, orthopedics, imaging and spine departments, and substantial investment from the tenant.
  • On campus at MarinHealth Medical Center, formerly Marin General Hospital, the county’s largest hospital, featuring 327 beds.
  • Prime waterfront location with excellent visibility and access and an above market parking ratio.
  • Extremely attractive basis with a projected sale at ~50% below replacement cost.
  • Sticky tenancy with highly specialized build-outs and proven commitment to the asset via recent expansion & early lease renewal.

OVERVIEW

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained to present qualified investors the opportunity to acquire the fee simple interest in Bon Air Medical Center, a 27,297 SF multi-specialty medical outpatient building (“Bon Air Medical Center”, “2 & 18 Bon Air” or the “Property”) well-positioned in one of the Bay Area’s most coveted healthcare markets. The Property is 100% leased to MarinHealth (Marin Healthcare District - Moody’s: AA2) through 12/31/2031 and houses a wide range of services including cardiovascular medicine, orthopedics, imaging, and spinal care. Bon Air Medical Center is strategically located in highly desirable Marin County, offering convenient access to world-class healthcare while nestled among some of the Bay Area’s most upscale residential communities. The Property offers excellent visibility and access with easy connectivity to Highway 101 and Marin’s renowned lifestyle amenities. The Property boasts “on campus” proximity to the MarinHealth Medical Center campus, formerly Marin General Hospital, which recently underwent a $550M expansion and renovation in 2020.

ASK ABOUT THIS PROPERTY

Erik HansonJLLMore Info
415-395-4964

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Erik HansonJLLMore Info
415-395-4964

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