511 Sir Francis Drake Blvd - Office FOR SALE


Greenbrae, CA 94904
$4,250,000 USD
415-461-1010
511 Sir Francis Drake Blvd, Greenbrae, CA for Sale
$4,250,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

NEW


511 Sir Francis Drake Blvd
Greenbrae, CA 94904


HIGHLIGHTS

  • Free Standing Building on Large Parcel
  • Efficient and Light-Filled 2-Story Office Layout
  • 42 Car Parking
  • Easy Access to 101 and 580

OVERVIEW

511 Sir Francis Drake Boulevard represents an incomparable opportunity to acquire a free standing building on a large parcel in the most sought after location in Marin County. An owner user or office building investor will appreciate the efficient and light-filled 2-story office layout, with windows on all sides, a gracious portico, and 42 car parking. Priced to sell, the cost of ownership for an owner-user using SBA financing is approximately $2.15 per square foot, NNN. A developer will recognize the value of the flat lot of just over half an acre, identified as Site J in the housing element’s “Housing Priority Overlay Zone” (see Chapter 3, p. 44 of the City of Larkspur 6th Cycle Housing Element), allowing for 16 market rate units by right, and up to 27 units with a 35% density bonus.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$369 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

C-2, Larkspur

APN/PARCEL ID

022-040-28

ASK ABOUT THIS PROPERTY

Matthew StormsKeegan & Coppin Company, Inc.More Info
415-461-1010

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

Matthew StormsKeegan & Coppin Company, Inc.More Info
415-461-1010

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