7655 Redwood BlvdNovato, CA 94945

Property Details for 7655 Redwood Blvd

Year built

1980

Property size (Sq ft)

36,024 SF

Property type

Office properties

Description

This exceptional investment opportunity presents a two-building, 36,024 square foot office complex located at 7655 & 7665 Redwood Boulevard in Novato, California, 94945. The property, built in 1980 and renovated in 1993, is classified as a Class B, multi-tenant traditional office building. The asking price is $7,000,000, translating to $194.31 per square foot. The property sits on a site zoned PD - Business Professional Office, offering significant redevelopment potential. Currently, there are a couple of existing tenants with below-market leases that can be terminated by the new owner. This presents a unique value-add opportunity to increase rental income. The property benefits from a highly desirable location, adjacent to a 65-acre site approved for housing redevelopment, and directly across from the SMART Train San Marin station. Downtown Novato is conveniently located one freeway exit to the south. The surrounding area also boasts open space and trails. This property offers a compelling combination of immediate income potential and long-term redevelopment upside in a thriving Marin County location. The two buildings are two stories each.

Location Insight

City

Novato

County

Marin

State

California

Latitude

38.1197

Longitude

-122.568

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