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7428 Redwood Blvd 12,205 SF 96% Leased Office Building Novato, CA 94945 $5,741,820 CAD ($470.45 CAD/SF) 6.36% Cap Rate
Investment Highlights
- 2 ground floor medical tenants occupying highly improved space
- Elevator served
- Minimal short and medium term capital expenditures required
- Long term upstairs office tenants with nice build outs and good mix in lease terms
- Abundant natural light in all the suites along with private decks on 2nd floor
Executive Summary
7428 Redwood Boulevard is a terrific, hard to find investment opportunity in Novato California. The building has had significant upgrades over the last five years. There is a top of the line dental suite, an Urgent Care office, as well as 2nd floor elevator served office spaces. High end build outs and staggered lease expiration dates make this a very safe long term investment opportunity.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
12,205 SF
Building Class
B
Year Built
1992
Price
$5,741,820 CAD
Price Per SF
$470.45 CAD
Cap Rate
6.36%
NOI
$365,084 CAD
Percent Leased
96%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,103 SF
Slab To Slab
11’
Building FAR
0.58
Lot Size
0.48 AC
Zoning
C2
Parking
42 Spaces (3.44 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
3 private offices, kitchenette, reception area, private deck
1 private office with great natural light
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 201 | 1,430 SF | Office | Full Build-Out | 30 Days |
| 2nd Fl-Ste 205 | 457 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 201
| Size |
| 1,430 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 205
| Size |
| 457 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 201
| Size | 1,430 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
3 private offices, kitchenette, reception area, private deck
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 205
| Size | 457 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
1 private office with great natural light
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 153-011-52 | Improvements Assessment | $2,594,824 CAD |
| Land Assessment | $810,882 CAD | Total Assessment | $3,405,706 CAD |
Property Taxes
Parcel Number
153-011-52
Land Assessment
$810,882 CAD
Improvements Assessment
$2,594,824 CAD
Total Assessment
$3,405,706 CAD
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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7428 Redwood Blvd
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