MILL VALLEY, CALIF. (August 7, 2017) — Keegan & Coppin Company, Inc-ONCOR International negotiated the quick sale of a trophy, multi-tenant office building in Mill Valley to a local investor. After receiving multiple offers at asking price, the FH & TK Trust sold the property located at 110 Tiburon Boulevard for $2,475,000, or $611.11 per square foot – a 4.48% Capitalization Rate – after a short, ten day escrow.
The building’s vintage is 1975 and it consists of 4,050 square feet on a .35 acre lot. The two-story, walk-up office building, with on-site parking, was 100% leased to five tenants at the time of sale.
The listing agent on the sale, Theo Banks, observed “The property is in excellent condition…and it commanded a lot of interest in the supply-constrained market in southern Marin County. Its exceptional location at the gateway to the Tiburon peninsula, its strong identity, and its immediate access to transportation and amenities make it a desirable location for tenants and a stable asset for an investor.”
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 4 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. Our regional and global capability is facilitated through our ONCOR International affiliation, an organization of the leading commercial real estate firms in major markets across the U.S., Europe, the Americas and Asia.