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The Heights 109 Professional Center Pky 20 Unit Apartment Building $9,814,252 CAD ($490,713 CAD/Unit) 5.18% Cap Rate San Rafael, CA 94903
Executive Summary
CBRE. as exclusive listing agent, is pleased to present the opportunity to purchase 109 Professional Center Parkway, The Heights Apartments, 20 units in San Rafael made up of ten (10) 1 bed 1 bath units, and two (10) 2 bed 1 bath units. With the AI boom spilling over from San Francisco, Marin County is becoming a critical secondary tech hub. This shift provides investors a unique opportunity to access and leverage Marin County’s expanding pool of skilled talent.
NDA required to be signed by all interested purchasers before marketing materials can be made available. The Heights is Property 10 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio).
The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team
NDA required to be signed by all interested purchasers before marketing materials can be made available. The Heights is Property 10 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio).
The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team
Property Facts
| Price | $9,814,252 CAD | Building Class | C |
| Price Per Unit | $490,713 CAD | Lot Size | 0.70 AC |
| Sale Type | Investment | Building Size | 14,340 SF |
| Cap Rate | 5.18% | Average Occupancy | 95% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | MR-21, San Rafael | ||
| Price | $9,814,252 CAD |
| Price Per Unit | $490,713 CAD |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 14,340 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | MR-21, San Rafael |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 598 |
| 2+1 | 10 | - | 808 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 155-073-05 | Improvements Assessment | $7,439,836 CAD |
| Land Assessment | $3,931,395 CAD | Total Assessment | $11,371,232 CAD |
Property Taxes
Parcel Number
155-073-05
Land Assessment
$3,931,395 CAD
Improvements Assessment
$7,439,836 CAD
Total Assessment
$11,371,232 CAD
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The Heights | 109 Professional Center Pky
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