100 Tamal Plaza, a newly renovated 21,343 square foot multi-tenant office building in Corte Madera, CA, has sold to an investor for $8.2 million. Professional Financial Investors acquired the two-story professional/medical services building from Simeon Commercial Properties, which had recently completed renovations including a new lobby and entrance, new interior and exterior paint, new carpeting, and new restrooms. Trevor Buck, Brian Foster and Steven Leonard with Cushman & Wakefield’s Larkspur (North Bay) office represented the seller, and Mr. Buck, Mr. Foster and Bryan Vidinsky, of the same office, represented the buyer.
Mr. Buck, a Senior Managing Director with Cushman & Wakefield, said, “100 Tamal Plaza was a deal we had been observing for a while with this buyer. They were able to perform on this off-market opportunity by taking advantage of our relationships and market knowledge to position themselves in the right place at the right time.” He added, “Simeon’s recent renovations were great enhancements toward the attractiveness of the property. In addition, the property was almost 100% occupied, with minimal vacancy left to reposition.”
Named after its location at 100 Tamal Vista Boulevard, 100 Tamal Plaza is conveniently located near the Corte Madera Town Center, Larkspur Country Mart, Bay Club, and a new residential and retail mixed-use development. The property is also located along a popular bike/pedestrian path great for recreation and commuting. Located in Marin County, the Town of Corte Madera is less than 10 miles north of San Francisco and directly west of the San Francisco Bay.