250 Bel Marin Keys Blvd - Medical FOR SALE


Novato, CA 94949
$1,825,000 USD
415-531-2815
250 Bel Marin Keys Blvd, Novato, CA for Sale
$1,825,000 USD
Medical - FOR SALE
1/6
null | 7.32% Cap Rate

250 Bel Marin Keys Blvd
Novato, CA 94949


HIGHLIGHTS

  • Corner location at Bel Marin Keys Boulevard and Digital Drive.
  • Configured for both owner-user and investment strategies.
  • Part of a professionally managed seven-building office complex.
  • Short-term executive office leases create future occupancy flexibility.
  • PD zoning permits medical office and professional office uses.
  • Convenient access to U.S. Highway 101 and southern Novato business districts.

OVERVIEW

250 Bel Marin Keys Boulevard presents an opportunity to acquire a two-story office building within the Creekwood Professional Center in southern Novato. Positioned at the corner of Bel Marin Keys Boulevard and Digital Drive, the property benefits from prominent corner identity, convenient access to U.S. Highway 101, and a location within an established business environment serving Marin County and the greater North Bay region. The building is configured for both investor and owner-user appeal. The first floor consists of four tenant suites operating under longer-term lease arrangements, while the second floor contains executive office suites leased on short-term agreements. This structure provides flexibility for a future owner-user seeking to occupy a substantial portion of the building while maintaining existing income-producing tenancy. The property was repositioned approximately four years ago from a single-tenant configuration into a multi-tenant office environment, creating diversified occupancy and operational flexibility. Building A is part of a seven-building planned unit development where exterior common areas are professionally maintained through an owners association. Shared services include landscaping, refuse, water service, insurance, and common area maintenance. The property is zoned Planned Development (PD) and is noted as permitting medical office use within the Bel Marin Keys industrial park, in addition to professional office, artist, and therapist uses.

FOR SALE DETAILS

PRICE

$1,825,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

7.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg A

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

PD

APN/PARCEL ID

157-421-19

ASK ABOUT THIS PROPERTY

Jerry SuyderhoudNewmarkMore Info
415-531-2815

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Jerry SuyderhoudNewmarkMore Info
415-531-2815

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