22 Marinero Cir - Apartments FOR SALE


$14,000,000 USD
415-288-7811
22 Marinero Cir, Tiburon, CA for Sale
$14,000,000 USD
Apartments - FOR SALE
1/9
null | 3.68% Cap Rate


HIGHLIGHTS

  • $608,696 Price Per Unit
  • $547 Price Per SF
  • 1:1 Covered Parking
  • Short ferry ride from the Tiburon Ferry Terminal to the San Francisco Ferry Building or a scenic drive across the Golden Gate Bridge

OVERVIEW

Colliers is pleased to present El Marinero Apartments on 22 Marinero Circle, a rare multifamily investment opportunity located in the highly sought-after city of Tiburon, California. Constructed in 1971, this well-maintained asset offers a unique chance to acquire an apartment community in one of Marin County's most supply-constrained and desirable submarkets. Situated on (4) contiguous parcels totaling 1.54 acres, the property comprises of (3) three ­story residential buildings totaling 23 units. El Marinero Apartments boasts lush, well­ maintained landscaping that enhances its curb appeal and provides a serene environment for residents. Each unit includes a private balcony, with the majority offering expansive views of the San Francisco Bay. On-site amenities include carport parking, additional storage, tennis court, on-site laundry facility, fireplace and a highly desirable location, further enhancing tenant convenience and lifestyle. Residents enjoy a short, 10-minute walk to Boardwalk Shopping Center, Tiburon's vibrant retail, dining, and arts district, as well as unparalleled access to the Tiburon Ferry Terminal-providing seamless connectivity to San Francisco's Financial District and Fisherman's Wharf. With rents currently below market, paired with the potential to enhance performance through operational efficiencies, 22 Marinero Circle offers investors solid in-place cash flow from day one, along with a clear opportunity for future rent growth and long-term appreciation. The combination of strong market fundamentals, irreplaceable coastal location, and a dearth of future multifamily development makes the property a highly compelling investment opportunity in one of the Bay Area's most prestigious and supply ­constrained waterfront communities.

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$351 USD /SF

# OF UNITS

23

PRICE/UNIT

$608,696

CAP RATE

3.68%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

El Marinero Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,378 SF

ZONING

-

APN/PARCEL ID

058-191-15,058-191-16,058-191-17,058-191-18

ASK ABOUT THIS PROPERTY

Matt FlahertyColliersMore Info
415-288-7811

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Matt FlahertyColliersMore Info
415-288-7811

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