356-380 San Anselmo Avenue

FOR SALE
100% LEASED
Matt Brown | BRE# 00865640
[email protected]
356-380 San Anselmo Avenue
San Anselmo | California
Ces Cecchin | BRE# 01763657
[email protected]
68 Mitchell Blvd., #100 | San Rafael, CA 94903
(415) 451-4900 | www.meridiancommercial.com
The information herein has not been independently verified by the real estate brokers. Interested parties should have experts of their choice inspect and verify all information.
Real estate brokers are not experts with respect to building construction, environmental, legal, tax, and other such matters.
FOR SALE
100% LEASED
356-380 San Anselmo Avenue
San Anselmo | California
Property Details
•
4,450± rentable square feet
•
4.7% Cap Rate
.
$1,455,000 asking price
Town Hall
Marinitas
Lincoln Park Wine Bar
e.
•
Imagination Park
elmo Av
This unique location, coupled with quality mid century construction has resulted
in excellent occupancy rates and stable long-term tenancies.
Sproos Hair Salon
San Ans
San Anselmo Avenue is home to many shops, salons, cafes, restaurants,
unique boutiques, banks, two parks and an inn. These downtown amenities
contribute to the livability for the residents of the town, visitors and office
workers. Downtown has experienced flooding in the past.
Sir Francis Drake Blvd
This downtown property is located on a parcel giving it prime frontage space
on both San Anselmo Avenue and Sir Francis Drake Boulevard. This location
offers excellent retail and commercial business visibility with access to foot
traffic on the west side and auto traffic on the east. Neighboring businesses
have been recently upgraded and the benefits are being felt by the immediate
neighborhood with higher-end consumer traffic.
La Loggia Wine Bar
Bank of America
Wells Fargo Bank
• Below market rents
• Five Tenants
• 100% leased
• Staggered lease expirations
• NNN leases
• Single story
• Quality construction
• Extremely strong resident demographics
Sunnyside Nursery
San Anselmo Inn
Comforts

Subject Property
Insalata’s
Union Bank
Matt Brown | BRE# 00865640
[email protected]
Ces Cecchin | BRE# 01763657
[email protected]
68 Mitchell Blvd., #100 | San Rafael, CA 94903
(415) 451-4900 | www.meridiancommercial.com
The information herein has not been independently verified by the real estate brokers. Interested parties should have experts of their choice inspect and verify all information.
Real estate brokers are not experts with respect to building construction, environmental, legal, tax, and other such matters.
FOR SALE
100% LEASED
356-380 San Anselmo Avenue
San Anselmo | California
Property Summary
Address:
356-380 San Anselmo Avenue
San Anselmo, California
Marin County
Property Type:
Downtown Retail/Commercial
APN:
007-254-01
Lot Area:
5,040± square feet
Year Built
1952
Zoning:
C-2
Number of Floors:
1
Construction Type:
Wood Frame/Stucco
Foundation:
Concrete Slab
Parking:
On-Street and Municipal Lots
Utilities:
Metered Separately
Paid by Tenants
Matt Brown | BRE# 00865640
[email protected]
Ces Cecchin | BRE# 01763657
[email protected]
68 Mitchell Blvd., #100 | San Rafael, CA 94903
(415) 451-4900 | www.meridiancommercial.com
The information herein has not been independently verified by the real estate brokers. Interested parties should have experts of their choice inspect and verify all information.
Real estate brokers are not experts with respect to building construction, environmental, legal, tax, and other such matters.
FOR SALE
100% LEASED
356-380 San Anselmo Avenue
San Anselmo | California
Investment Highlights
Tenant
Suite
Size SF
Monthly Rent
Annual Rent
$/SF/Mo**
Expiration
Option
380
1,160
$2,125
$25,500
$1.83
8/30/2015
3 yr*
Boudett & Mason - law offices
368
1,120
$2,100
$25,200
$1.88
3/31/2015
none
Luxurious Nails - services
364
560
$1,100
$13,200
$1.96
8/31/2015
3 yr*
Humane Society - retail
360
700
$1,250
$15,000
$1.79
9/30/2015
3 yr*
Focus Opticians - retail
356
910
$1,810
$21,720
$1.99
12/31/2014
none
4,450
$8,385
$100,620
$1.88
Collage - boutique
Total
*Tenant holds 90 day termination right
**Market Rents $2.25-$2.50/SF
Current Rents
Rent Income
$100,620
Vacancy Reserve (5%)
$5,031
Gross Rental Income
$95,589
Property Taxes (est @ purch)
$22,825
Insurance (est)
$4,000
Total Expense
$26,825
Net Operating Income
$68,764
Purchase Price
Cap Rate
$1,455,000
4.73%
Matt Brown | BRE# 00865640
[email protected]
Ces Cecchin | BRE# 01763657
[email protected]
68 Mitchell Blvd., #100 | San Rafael, CA 94903
(415) 451-4900 | www.meridiancommercial.com
The information herein has not been independently verified by the real estate brokers. Interested parties should have experts of their choice inspect and verify all information.
Real estate brokers are not experts with respect to building construction, environmental, legal, tax, and other such matters.
FOR SALE
100% LEASED
356-380 San Anselmo Avenue
San Anselmo | California
Demographics
Population
1 Mile
3 Mile
5 Mile
2019 Projection
10,637
81,265
142,575
2014 Estimate
10,327
78,707
137,856
2010 Census
10,233
77,363
134,673
Growth 2014-2019
3.00%
3.25%
3.42%
Growth 2010-2014
0.92%
1.74%
2.36%
2019 Projection
4,569
34,975
56,757
2014 Estimate
4,435
33,861
54,778
2010 Census
4,391
33,258
53,269
Growth 2014 - 2019
3.02%
3.29%
3.61%
Growth 2010 - 2014
-1.13%
-0.27%
0.65%
2,779
19,528
33,337
Households
Owner Occupied
Renter Occupied
1,656
14,333
21,441
2014 Avg Household Income
$126,341
$118,868
$123,136
2014 Med Household Income
$98,742
$88,530
$92,206
<$25,000
592
4,688
7,163
$25,000 - $50,000
578
5,619
8,847
$50,000 - $75,000
547
4,522
6,985
$75,000 - $100,000
527
3,882
6,384
$100,000 - $125,000
444
3,110
5,287
$125,000 - $150,000
431
2,623
4,218
$150,000 - $200,000
495
3,700
5,794
$200,000+
821
5,716
10,100
2014 Households by HH Income:
Matt Brown | BRE# 00865640
[email protected]
Ces Cecchin | BRE# 01763657
[email protected]
68 Mitchell Blvd., #100 | San Rafael, CA 94903
(415) 451-4900 | www.meridiancommercial.com
The information herein has not been independently verified by the real estate brokers. Interested parties should have experts of their choice inspect and verify all information.
Real estate brokers are not experts with respect to building construction, environmental, legal, tax, and other such matters.