Property Listing No Longer Available for Sale

1744 NOVATO BLVD., NOVATO, CA

Office for Sale - $1,990,000 - 6,520 Sq. Ft. on 0.14 acres


Property Info

CIMLS#863603
Location
  1744 NOVATO BLVD.
  NOVATO CA 94947
UpdatedSeptember 14th, 2016
TypeOffice
Price$1,990,000
Building6,520 Sq. Ft.
Land0.14 acres

Property Description

1744 Sale consists of the entire building of 3 individual condominium units. Two ground floor units are long term leased to a CPA firm and Dentist. Each unit has extensive upgrades.

Each floor / Unit can be sold separately or as a package

Entire top is currently rented on a month to month basis. Unit can be delivered with tenant on lease. Designed as offices for a financial service company no expense was spared. Unit includes two restroom, kitchen area, server room with individual A/C and power supply, Conference Room, Reception Area, Large private offices plus area for cubicles.

All leases are gross with pass through clauses for operating expenses / taxes over base year All leases go to FMV at expiration of term. Call Listing agent for details

Location Description:

Located on the banks of Novato Creek amid towering oaks. Just steps from all goods and services. Walk to the Novato Public Library and cross the walking bridge into the downtown Novato Retail center. Area of medical / dental and general office users.

Highlights:

>> * Perfect opportunity to own your own office building and have rental income

>> * Central Novato Location close to all good and services

>> * Units can be sold separately or as a whole building

>> * Each unit has individual HVAC units and controls.

>> * All windows are operable

>> * Park like setting

* Email for additional photos


Financials

EACH OWNER HAS AGREED TO SELL. Units may be sold individually.

Sales Info:

>> Cap rate: 5.31%

>> Commision split: 2.5%

>> NOI: $105616


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