1100-1120 Mar West St | Tiburon, CA 94920
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1100-1120 Mar West St
Tiburon, CA 94920
Office Property For Sale
Investment Highlights
- Gateway to Downtown
- Across the street from Golden Gate Transit Stop
- Adjacent to Public Library, Town Hall
- One Half Mile From Tiburon Ferry Terminal
Executive Summary
Available for the first time in decades, 1100-1110-1120 Mar West represents an exceptional opportunity to acquire an iconic office property on a level 58,427 sq. ft. (1.34 acres) site at the entrance to downtown Tiburon. The property is comprised of three separate parcels, each containing an efficient 5,880 square foot two-story multi-tenant office building. Originally built in 1982, the buildings and the property have been rigorously maintained to the highest standard. The buildings are fully sprinklered, with abundant natural light and first class finishes throughout, situated in a park-like setting with immediate access to a major thoroughfare. Investors will appreciate the underlying strength of the Tiburon market and the desirability of small offices in the local community, which have contributed to the property’s stable tenancy and income stream, while a developer will enjoy steady income as they formulate their plans for the site.
With its three flat parcels spanning over two acres directly facing Tiburon Boulevard, and steps from all transportation, amenities and services, the property has been identified by the Tiburon General Plan as optimal for housing development. The Town’s updated housing element allows for up to 35 units per acre of land, which may be expanded using the State of California density bonuses for affordable and senior housing.
With its three flat parcels spanning over two acres directly facing Tiburon Boulevard, and steps from all transportation, amenities and services, the property has been identified by the Tiburon General Plan as optimal for housing development. The Town’s updated housing element allows for up to 35 units per acre of land, which may be expanded using the State of California density bonuses for affordable and senior housing.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Building Size
17,640 SF
Building Class
B
Year Built
1983
Percent Leased
91%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
8,820 SF
Building FAR
0.20
Lot Size
2.06 AC
Zoning
O - Office
Parking
25 Spaces (3.37 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £1,839,184 | |
Land Assessment | £1,839,184 | Total Assessment | £3,678,369 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,839,184
Improvements Assessment
£1,839,184
Total Assessment
£3,678,369
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