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511 Sir Francis Drake Blvd 11,520 SF Office Building Greenbrae, CA 94904 $5,809,495 CAD ($504.30 CAD/SF)



Investment Highlights
- Free Standing Building on Large Parcel
- 42 Car Parking
- Efficient and Light-Filled 2-Story Office Layout
- Easy Access to 101 and 580
Executive Summary
511 Sir Francis Drake Boulevard represents an incomparable opportunity to acquire a free standing building on a large parcel in the most sought after location in Marin County. An owner user or office building investor will appreciate the efficient and light-filled 2-story office layout, with windows on all sides, a gracious portico, and 42 car parking. Priced to sell, the cost of ownership for an owner-user using SBA financing is approximately $2.15 per square foot, NNN. A developer will recognize the value of the flat lot of just over half an acre, identified as Site J in the housing element’s “Housing Priority Overlay Zone” (see Chapter 3, p. 44 of the City of Larkspur 6th Cycle Housing Element), allowing for 16 market rate units by right, and up to 27 units with a 35% density bonus.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,520 SF
Building Class
B
Year Built
1972
Price
$5,809,495 CAD
Price Per SF
$504.30 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,760 SF
Slab To Slab
11’
Building FAR
0.47
Lot Size
0.56 AC
Zoning
C-2, Larkspur
Parking
42 Spaces (3.65 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
This space features a conference room, rest rooms, and a kitchen.
This space features a conference room, rest rooms, and a kitchen.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 5,760 SF | Office | Full Build-Out | Now |
| 2nd Floor | 5,760 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 5,760 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 5,760 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 5,760 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
This space features a conference room, rest rooms, and a kitchen.
2nd Floor
| Size | 5,760 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
This space features a conference room, rest rooms, and a kitchen.
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 022-040-28 | Improvements Assessment | $3,584,945 CAD |
| Land Assessment | $3,328,114 CAD | Total Assessment | $6,913,059 CAD |
Property Taxes
Parcel Number
022-040-28
Land Assessment
$3,328,114 CAD
Improvements Assessment
$3,584,945 CAD
Total Assessment
$6,913,059 CAD
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511 Sir Francis Drake Blvd
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