Keegan & Coppin Brokers $5.63MM Sale of Mixed-Use Center in San Rafael

Keegan & Coppin, San Rafael, Bay Area

Keegan & Coppin, San Rafael, Bay Area

SAN RAFAEL (December 1, 2016) — Keegan & Coppin-ONCOR International has arranged the $5.63 million sale of a 15,431 square-foot mixed-use center located at 1435 & 1447 Fourth Street in downtown San Rafael. After receiving multiple offers, the seller closed a deal with an undisclosed local investment company.

The four-building property consists of ground-floor retail with apartments on the second floor of 1435 Fourth Street. Fully leased at the time of sale, the property’s tenant mix includes longtime local employers California Sewing and Vacuum, and Brazil Marin Café. Part of the center’s benefit is its location in the heart of the downtown core where restaurants, shopping, personal services, and public transportation are all within a walkable distance.

An adjacent 5,000 square foot, 27 car parking lot on E Street was included in the sale.

Matt Storms of Keegan & Coppin represented the seller in the transaction.

About Keegan & Coppin Company, Inc.-ONCOR International
A dominant North Bay real estate firm since 1976, Keegan & Coppin Company, Inc.-ONCOR International provides a full range of services for tenants, property owners, and investors throughout Northern California. With more than 50 agents in four strategic offices in the North Bay – Santa Rosa, Petaluma, Napa, and Larkspur – Keegan & Coppin Company, Inc.-ONCOR International is the largest and most experienced commercial company in the North Bay.

West Coast Commercial Real Estate News