Properties

1599 Sir Francis Drake, Fairfax CA

$ 1,925,000
  • 5,617 / .23 acres
  • Property is Sold
  • Property Type: Retail

Property Description

1599 Sir Francis Drake Blvd. Features

 

  • Freestanding Commercial Building For Sale in Fairfax (cross is Kent Ave)
  • Recent improvements include new framing, roof, electrical, plumbing, sewer, CAT5 data lines/systems, subflooring, windows, HVAC, ADA compliant locker rooms with (3) showers, fully sprinklered, skylights, parking lot and interior tenant improvements
  • Completely renovated in 2014
  • Building delivered fully leased
  • Currently used for Dance / Fitness studios, office and retail
  • Excellent block of Sir Francis Drake at San Anselmo border
  • Major interior, exterior, system and site renovations completed in 2014-2015
  • APN 002-213-27
  • Zoned “HC” Highway commercial – suitable for most retail and office uses
  • Conditional Use Permit (“CUP”) in place (and shall remain) to allow physical fitness & therapy
  • Completely ADA compliant and handicap accessible to all rest rooms and areas of building
  • Ground floor total approx. 5,617 sq. ft.
  • Includes three (3) separate office & retail spaces, each metered individually
  • Exercise studios, locker room, day care, office, retail – approx. 3,600
  • Street front retail – approx.. 835 sq. ft
  • Private office approx. 700 sq. ft
  • Common area approx. 387 sq. ft
  • Total site of 9,898 sq. ft. (.23 acres)
  • Newly paved private parking lot with eleven (11) full-size parking spaces
  • Loft like feeling with a ceiling height in most areas of 11’
  • Please do not disturb Tenants – Shown by Appointment only
  • 5.5% CAP on in place rents
  • All spaces leased with 5 years remaining on primary term
  • Annual CPI Increases
  • Listing Price just reduced to $1,925,000

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