8 Circle Rd - Health Care FOR SALE


San Rafael, CA 94903- Rafael Meadows-Los Ranchitos
$4,440,000 USD
707-664-1400
8 Circle Rd, San Rafael, CA for Sale
$4,440,000 USD
Health Care - FOR SALE
1/6
null | 6.55% Cap Rate


HIGHLIGHTS

  • Lease Through October 31, 2035
  • Current Base Rent of $30,000 per Month
  • 2% Annual Rent Increases Beginning November 1, 2027
  • Personal Guaranty Through October 31, 2030
  • Tenant Operating at the Property Since 2021
  • One Five-Year Extension Option at Mutually Agreed Fair Market Rent

OVERVIEW

Keegan & Coppin is pleased to present the opportunity to acquire 8 Circle Road, a fully leased single-tenant behavioral healthcare investment in San Rafael, California. The property consists of an approximately 5,910-square-foot residential-style healthcare facility situated on approximately 1.15 acres in the established Los Ranchitos area of Marin County. The property is leased to Heartwood House, LLC through October 31, 2035, with contractual rent increases beginning in November 2027. The offering combines two distinct sources of value: substantial underlying Marin residential real estate and long-term income from an established behavioral healthcare use. At the current asking price, the property is offered at approximately $751 per building square foot, below the price-per-square foot level of several nearby larger residential sales.

FOR SALE DETAILS

PRICE

$4,440,000 USD

PRICE/SF

$542 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,000 SF

ZONING

A2-B4

APN/PARCEL ID

179-191-05

ASK ABOUT THIS PROPERTY

Demi BasiliadesKeegan & Coppin Inc.More Info
707-664-1400

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Demi BasiliadesKeegan & Coppin Inc.More Info
707-664-1400

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