Bldg A 250 Bel Marin Keys Blvd 10,148 SF 100% Leased Office Building Novato, CA 94949 $2,516,565 CAD ($247.99 CAD/SF) 7.32% Cap Rate

250 Bel Marin Keys Boulevard presents an opportunity to acquire a two-story office building within the Creekwood Professional Center in southern Novato. Positioned at the corner of Bel Marin Keys Boulevard and Digital Drive, the property benefits from prominent corner identity, convenient access to U.S. Highway 101, and a location within an established business environment serving Marin County and the greater North Bay region.
The building is configured for both investor and owner-user appeal. The first floor consists of four tenant suites operating under longer-term lease arrangements, while the second floor contains executive office suites leased on short-term agreements. This structure provides flexibility for a future owner-user seeking to occupy a substantial portion of the building while maintaining existing income-producing tenancy. The property was repositioned approximately four years ago from a single-tenant configuration into a multi-tenant office environment, creating diversified occupancy and operational flexibility.
Building A is part of a seven-building planned unit development where exterior common areas are professionally maintained through an owners association. Shared services include landscaping, refuse, water service, insurance, and common area maintenance. The property is zoned Planned Development (PD) and is noted as permitting medical office use within the Bel Marin Keys industrial park, in addition to professional office, artist, and therapist uses.