415-526-7649
88 Rowland Way, Novato, CA for Sale
Medical - FOR SALE
1/10
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88 Rowland Way
Novato, CA 94945


HIGHLIGHTS

  • Secure Cash Flow – Long-Term Tenancies
  • Hospital Campus Adjacency / Conversion to Medical Uses
  • Superb Marin County Location Adjacent to Rich Amenity BaseSuperb Marin County Location Adjacent to Rich Amenity Base
  • Future Upside through Lease-Up of Vacant Spaces | Owner-User Potential
  • Recovering Market Fundamentals

OVERVIEW

Access Data Room: https://platform.reverecre.com/project/393462b8-3c6d-401a-bf64-4e1e5fdcc868 Newmark’s Bay Area Private Capital Group is pleased to present the opportunity to acquire the fee-simple interest in 88 Rowland Way, a +/-65,000 square foot office / medical offering located in Novato in highly desirable Marin County California (the “Property”). Currently 55% leased with a weighted average lease term of 4.2 years, the Property offers a stable in-place income base with significant income upside through the lease-up of remaining vacancies at a historically attractive basis. Built in 1995, the Property is a three-story modern office building with 235 surface parking stalls (3.65/1,000 SF) providing ample parking. Positioned adjacent to Highway 101, 88 Rowland Way is next to the Sutter Health Novato Community Hospital Campus, a 47-bed short-term acute care facility and 170,000+ square foot medical office campus with orthopedic and surgery centers and adjacent medical office buildings. It is also across Rowland Way from MarinHealth/UCSF’s largest off campus facility, positioning the asset for future medical tenancies. The project also benefits from adjacency to the expansive Vintage Oaks Shopping Center, featuring a wide variety of dining and shopping options, outstanding nearby amenities that will help attract and retain tenants at the building.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rowland Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

259

LAND DETAILS

LAND ACRES

3.16 AC

LAND SF

137,650 SF

ZONING

PD

APN/PARCEL ID

153-320-04,153-320-11

ASK ABOUT THIS PROPERTY

Haden OngaroNewmarkMore Info
415-526-7649

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Haden OngaroNewmarkMore Info
415-526-7649

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