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1131 Magnolia Ave 8,171 SF 100% Leased Retail Building Larkspur, CA 94939 $3,489,800 CAD ($427.10 CAD/SF) 2.79% Cap Rate
INVESTMENT HIGHLIGHTS
- North Magnolia location
- Three buildings on one parcel
- Mixed use investment property
- Three commercial tenants, two residential units
EXECUTIVE SUMMARY
There are three structures on the 15,000 square foot parcel. 1125-1127 is a CMU retail building of approximately 5,000 square feet. There are two tenants in the front and an under utilized storage space toward the rear. 1,125 is occupied by Balloon Delights, and 1,127 is occupied by Gloss Beauty. 1129 Magnolia is a freestanding commercial building with a Pilates studio. 1131 is a residential duplex. The property is a potential value-add opportunity.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,171 SF
Building Class
C
Year Built
1925
Price
$3,489,800 CAD
Price Per SF
$427.10 CAD
Cap Rate
2.79%
NOI
$97,308 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Lot Size
0.37 AC
Zoning
NEC Commercial - Neighborhood commercial
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 020-034-06 | Improvements Assessment | $2,021,728 CAD |
| Land Assessment | $3,420,217 CAD | Total Assessment | $5,441,945 CAD |
PROPERTY TAXES
Parcel Number
020-034-06
Land Assessment
$3,420,217 CAD
Improvements Assessment
$2,021,728 CAD
Total Assessment
$5,441,945 CAD
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1131 Magnolia Ave
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