1131 Magnolia Ave
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1131 Magnolia Ave
8,171 SF 100% Leased Retail Building Larkspur, CA 94939 £2,353,230 (£288/SF) 2.32% Net Initial Yield
Investment Highlights
- North Magnolia location
- Three buildings on one parcel
- Mixed use investment property
- Three commercial tenants, two residential units
Executive Summary
There are three structures on the 15,000 square foot parcel. 1125-1127 is a CMU retail building of approximately 5,000 square feet. There are two tenants in the front and an under utilized storage space toward the rear. 1,125 is occupied by Balloon Delights, and 1,127 is occupied by Gloss Beauty. 1129 Magnolia is a freestanding commercial building with a Pilates studio. 1131 is a residential duplex. The property is a potential value-add opportunity.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,171 SF
Building Class
C
Year Built
1925
Price
£2,353,230
Price Per SF
£288
Net Initial Yield
2.32%
NOI
£54,680
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.50
Land Acres
0.37 AC
Zoning
NEC Commercial - Neighborhood commercial
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1131 Magnolia Ave
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