1100-1110-1120 Mar West, Tiburon, CA

Office for Sale - $10,000,000 - 17,640 Sq. Ft. on 2.06 acres


Agent Info

Mark Keleher

Property Info

CIMLS#1087096
Location
  1100-1110-1120 Mar West
  Tiburon CA 94920
UpdatedJanuary 13th, 2021
TypeOffice
Price$10,000,000
Building17,640 Sq. Ft.
Land2.06 acres

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Property Description

1100-1110-1120 Mar West is an exceptionally well maintained office complex consisting of three buildings on three parcels. According to the County Assessors office the buildings have 17,640 total rentable square feet. Each office has direct access and has minimal shared or common space making the property especially attractive during the Pandemic. There are a total of 26 suites in this beautiful complex.

The buildings and grounds are in excellent condition, and in an excellent location within a few blocks of downtown Tiburon and the ferry to Downtown San Francisco and Angel Island. The building is also located just across the street from the new Public Library and is near restaurants, hotels, and shopping.

Commercial downtown Tiburon has been going through a major rebirth with the largest property owner, A&C Ventures, renovating 8 separate assets of consequence. A&C Ventures expects that new afternoon and evening Ferry service to downtown San Francisco is imminent and is working with the internationally renowned Chef Michael Minna on one of two new water-front Restaurants.

The demographics of the Tiburon Belvedere area are excellent with median household incomes of $130,661 almost 2.5 times that of the average median income of $53,482 in the United States.


Financials

NOI of $322,736