Highest Quality Owner/User or Investment Offering

Transcription

Highest Quality Owner/User or Investment Offering
Exclusive Listing Agents
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1115 Third Street I San Rafael I California
±11,869 Square Feet
$4,500,000
$379/RSF
Haden Ongaro
Executive Vice President
hongaro@newmarkccarey.com
415.526.7649
CA RE License #00916960
Mark Carrington
Director
mcarrington@newmarkccarey.com
415.526.7650
1101 Fifth Avenue, Suite 230, San Rafael, CA 94901 415.526.7676
www.newmarkccarey.com
Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the
brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made
nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
INVESTMENT ATTRIBUTES
• Top Quality Improvements - Major investment by Seller in renovations
and improvements to the building has resulted in gorgeous space.
Contemporary architecture, generous skylights and high end finishes
complement an effective layout that provides private offices, meeting
rooms, open work spaces, a stunning reception area, and a commercial
grade kitchen.
• Strategic Location - Wedged in between BioMarin's rapidly growing
campus and the heart of downtown, 1115 Third Street enjoys high
visibility and convenient access. Third Street is the major access route
from U.S.101 through San Rafael to Ross Valley and West Marin.
• Abundant Nearby Amenities - 1115 Third Street is located
immediately across the street from San Rafael's main 4th & A Street
parking garage. Several restaurants, business services, and diverse
retail are all located within a short walk of the Property. Nearby public
transportation will be further enhanced by the commencement of
SMART Rail service in 2016.
• Flexibility - The beauty of the spaces are enhanced by their flexibility.
Formed by joining and renovating three separate buildings, 1115
Third Street provides excellent divisibility. The Property enjoys a Cross
Street Mixed Use Zoning allowing a wide variety of office, retail, and
residential uses.
IMPROVEMENTS
•
1115 Third Street is the product of combining three buildings into
a single facility. This combination provides an owner/user with
the flexibility to occupy over 50% of the building, qualifying it for
SBA financing, and have two attractive spaces to lease that have
recently housed Renaissance Center Marin and Marin Youth Center.
Contemporary design, ingenious layout, and quality finishes have
been combined to create breathtaking spaces. These spaces
include large open areas that could be highly attractive retail
and showroom spaces, a highly equipped commercial kitchen,
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meeting rooms, modern bright offices, and open work areas accented
with highly attractive wooden trusses and glass.
The main entrance to the building features a highly impressive
reception area accessed from a convenient courtyard-like parking/
loading area easily accessed from Third Street.
High ceilings and skylights provide airy, well lit spaces with access to
conveniently located conference rooms and breakroom areas.
Upper floor offices are accessible both by elevator and attractive
stairway.
Main Floor Plan - ±8,650 sf
Upper Floor Plan - ±3,210 sf
SITE DESCRIPTION
Overview
1115 Third Street occupies a rectangular parcel (APN 011-262-25)
measuring approximately 12,320 square feet (0.28 acres). The site is
improved with three buildings that have been extensively renovated
and combined. The buildings wrap around a “courtyard” area that
has been improved with attractive landscaping and hardscaping to
provide outdoor seating areas, parking, and delivery access.
The Property has been home to the Marin Youth Center and
Renaissance Center Marin, an incubator for developing businesses in
Marin County. As such, 1115 Third Street enjoys strong identity, in
addition to good visibility on Third Street.
Zoning
The Property is located in the Cross Street Mixed Use District
(CSMU). The cross street mixed use district is intended to be
an active pedestrian area along “A” and “B” Streets, with a wide
range of uses encouraged, including retail, restaurants, office
and financial services, entertainment, cultural, and other
neighborhood-serving uses. Residential uses are also permitted
throughout.
Location
1115 Third Street is located on San Rafael’s main access route from
U.S. 101 on Third Street between A and B Streets. Third Street is a
one way street, facilitating ingress and egress from the Property’s
parking area. The Property is located one block from the heart
of Downtown San Rafael and is located near offices, retail and
dining amenities, business services, and medical services.
U.S. Highway 101 is easily accessed via Second Street and the
Paul Bettini Transit Center, located a short four block walk from
the Property, provides great access to public transportation. The
commencement of SMART Rail service in 2016, with a station
located adjacent to the Transit Center, will provide even greater
opportunities for public transportation to the Property.
Parking
The Property has limited parking onsite, although the “courtyard”
area could potentially be reconfigured to add additional stalls.
San Rafael’s major parking garage is located immediately across
the street and offers monthly and casual parking. Metered street
parking is located on Third Street.
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The A Street garage directly across from the property has 400 parking
spaces
Third & C garage has 400 spaces
Third & Lootens Garage has 170 spaces
A monthly parking pass for either garage is $73/month.
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1115 Third St,
San Rafael
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GYM/BANKS
RESTAURANTS
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Il Davide
San Rafael Joe’s
Yet Wah Restaurant
Green Chile Restaurant
My Thai
Vin Antico
Sol Food
Taj of Marin
Fenix LIVE
Arrivederci Cafe
Uchiwa Ramen
Bistro Ginolina
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PARKING
1. 3rd & C St. Garage
Body Kinetics Health Club
Jessie Square Garage - City Park 2. 3rd & A St. Garage
3. 5th & C St.
Yellow Dog Pilates
4. 3rd & Lootens (N.W.)
Wells Fargo Bank
5. 3rd & Lootens (Walgreens)
Bank of Marin
6. 3rd & Cijos St.
Bank of America
7. 5th & Garden Lane
Presidio Bank
8. 5th & Lootens
Westamerica Bank
9. 5th & D St.
First Bank
10. Menzies Parking
Citibank
11. 1550 4th St.
12. 2nd between D & E St.
13. 999 3rd St. (Permit Only)
RETAIL
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Sunrise Home
Max Muscle
RadioShack
Red Devil Records
AT&T
Goodwill
Jennifer Convertibles
T & B Sports
Cains Tire
Jeans to-A-T
O’Reilly Auto Parts
11. Staples
12. Sleep City
RETAIL
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Gardenia Florist
Gamescape North
Rafael Jewlers Inc
Walgreens
Mike’s Bikes of San Rafael
ADDITIONAL AMENITIES
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BioMarin
San Rafael Transit Center
Safeway
Kaiser Permanente
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Highest Quality Owner/User
Investment Offering
1115 Third Street I San Rafael I California
Exclusive Listing Agents
Haden Ongaro
Executive Vice President
hongaro@newmarkccarey.com
415.526.7649
Mark Carrington
Director
mcarrington@newmarkccarey.com
415.526.7650

Highest Quality Owner/User or Investment Offering

Transcription

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