359 Bel Marin Keys Blvd, Novato, CA

Property Type Office - General Office
Property Size 38,030 SF
Lot Size 1.18 Acre
Parking Spaces Avail. 57
Parking Ratio 1.50/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1979

Location

Map
Street

City Novato, CA
Neighborhood Hamilton
Zip Code 94949
Market San Francisco

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Date 15 Dec, 2021
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Origination Date

Market Trends

Average Actual Rents in Novato

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Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Novato Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $31.69
2020 Office Vacancy Rate 15.48%
2020 Office Completions (SF)

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Tax

Property Tax in 2021-2022 $52,807
Market Value* $4,610,417
Assessed Value $4,610,417

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 359 Bel Marin Keys Blvd?

359 Bel Marin Keys Blvd totals 38,030 square feet.

When was this property built?

359 Bel Marin Keys Blvd was built in 1979.

When was 359 Bel Marin Keys Blvd last sold?

359 Bel Marin Keys Blvd was last sold on 15 Dec, 2021.

What is the property tax for 359 Bel Marin Keys Blvd?

The property tax for 359 Bel Marin Keys Blvd in 2021-2022 was $52,807.

What is the market value for 359 Bel Marin Keys Blvd?

The market value* for 359 Bel Marin Keys Blvd in 2021-2022 was $4,610,417.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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359 Bel Marin Keys Blvd