70 Skyview Ter 16,425 SF 100% Leased Office Building San Rafael, CA 94903 $3,300,000 ($200.91/SF) 7.57% Cap Rate

Keegan & Coppin Company, Inc. is pleased to offer for sale a unique investment opportunity in central Marin County, California.
Formerly an elementary school, this property offers four specialized structures, a parking lot, and a large playground area, all on one parcel. All but one building is currently occupied, providing a value-add opportunity for an investor to lease the vacancy, or as an owner-occupant possibility. Several of the structures have been updated with recent improvements, including HVAC systems and ADA restroom enhancements. There is possibility for additional development as well.
The current tenants of the property are nonprofit businesses and a preschool, meeting the Master Use Permit requirements for uses on the property. There is a very healthy nonprofit business industry in Marin County, and preschool locations are rare to find, providing demand for investments like 70 Skyview Terrace.
The site is nestled in a hillside residential community of Terra Linda in San Rafael, Marin’s largest city, providing a picturesque and bucolic setting which perfectly suits its occupants.
With ease of access to Highway 101, this charming property is within a short distance to many retail, dining, and service-related industries. The Northgate Shopping Centers (including Safeway and CVS) and the Northgate Mall (including Macy’s, Peet’s Coffee, Cinemark Century Cinema, and Kohl’s) are within approximately 1.5 miles.