1100-1120 Mar West St 17,640 SF 88% Leased Office Building Tiburon, CA 94920 For Sale

Available for the first time in decades, 1100-1110-1120 Mar West represents an exceptional opportunity to acquire an iconic office property on a level 59,242 sq. ft. (1.36 acres) site at the entrance to downtown Tiburon. The property is comprised of three separate parcels, each containing an efficient 5,880 square foot two-story multi-tenant office building. Originally built in 1982, the buildings and the property have been rigorously maintained to the highest standard. The buildings are fully sprinklered, with abundant natural light and first class finishes throughout, situated in a park-like setting with immediate access to a major thoroughfare. Investors will appreciate the underlying strength of the Tiburon market and the desirability of small offices in the local community, which have contributed to the property’s stable tenancy and income stream, while a developer will enjoy steady income as they formulate their plans for the site.
With its three flat parcels directly facing Tiburon Boulevard, and steps from all transportation, amenities and services, the property has been identified by the Tiburon General Plan as optimal for housing development. The Town’s updated housing element allows for up to 35 units per acre of land, which may be expanded using the State of California density bonuses for affordable and senior housing.