Building D 1623 5th Ave

3,306 SF Office Building San Rafael, CA 94901 £1,569,543 (£475/SF) 2.74% Net Initial Yield

Investment Highlights

  • One of the Best Well Maintained and Restored Victorian Office Building in Marin County
  • Sold Separately or with Building C (±788 SF)
  • On-Site Parking
  • Owner-User Opportunity
  • Meticulously Renovated Victorian Office Buildings
  • Downtown West End San Rafael Location

Executive Summary

The Victorian Village is a four building office condominium office complex. Two vacant buildings, C & D, are being offered for purchase together or separately for a total size of ±4,094 SF. Both buildings have been meticulously renovated in 2004 and maintained since by the current owners. Attention to detail shows throughout while keeping its period details and charm. Many of the systems have been upgraded bringing Victorian charm to today's standards and functionality. The four buildings share an Owners Association that maintains all the common areas. Victorian Village is in a historic district.
Building D is a two-story ±3,306 SF office. One of the best well maintained and restored Victorian office building in Marin. Period details and old world craftsmanship has been maintained throughout the building including 10'+ ceilings, grand wrap around porch, and original millwork. The building was built in approximately 1910 and recently renovated. Current configuration includes 8 large private offices, kitchen, two restrooms, large conference room, and a full height basement.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,306 SF
Building Class
C
Year Built
1910
Price
£1,569,543
Price Per SF
£475
Net Initial Yield
2.74%
NOI
£43,005
Tenancy
Single
Number of Floors
2
Typical Floor Size
1,604 SF
Building FAR
2.06
Lot Size
0.04 AC
Walk Score ®
Walker's Paradise (95)

PROPERTY TAXES

  • Listing ID: 31714741

  • Date on Market: 06/05/2024

  • Last Updated:

  • Address: 1623 5th Ave, San Rafael, CA 94901