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7428 Redwood Blvd 12,205 sq ft 96% Let Office Property Novato, CA 94945 £3,140,172 (£257.29/sq ft) 6.36% Net Initial Yield
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
Property Size
12,205 sq ft
Costar Property Class
B
Year Built
1992
Price
£3,140,172
Price per sq ft
£257.29
Yield
6.36%
NOI
£199,663
Occupancy Rate
96%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
6,103 sq ft
Floor To Floor Height
11 ft
Plot ratio
0.58
Total Plot Size
0.48 ac
Use Class
C2
Parking
42 Spaces (3.44 Spaces per 1,000 sq ft Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 201 | 1,430 sq ft | Office | - | 30 Days |
| 2nd Fl-Ste 205 | 475 sq ft | Office | - | Now |
2nd Fl-Ste 201
| Size |
| 1,430 sq ft |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| 30 Days |
2nd Fl-Ste 205
| Size |
| 475 sq ft |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 201
| Size | 1,430 sq ft |
| Space Use | Office |
| Condition | - |
| Available | 30 Days |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 205
| Size | 475 sq ft |
| Space Use | Office |
| Condition | - |
| Available | Now |
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Walk Score®
Easily Walkable (84)
Bike Score®
Good for cycling (76)
PROPERTY TAXES
| Parcel Number | 153-011-52 | Improvements Assessment | £1,416,092 |
| Land Assessment | £442,529 | Total Assessment | £1,858,621 |
PROPERTY TAXES
Parcel Number
153-011-52
Land Assessment
£442,529
Improvements Assessment
£1,416,092
Total Assessment
£1,858,621
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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7428 Redwood Blvd
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