Professional Financial Investors, Inc. has acquired the North Bay Center, a 44,593 square foot Class A office property in downtown Novato, CA for $6.25 million. The North Bay Center is a three-story Class A office building with a high-identity hillside location at 7200 Redwood Boulevard and was approximately 80% leased to mainly professional and medical services tenants. The seller was North Bay Center, LLC. Trevor Buck, Brian Foster and Bryan Vidinsky with Cushman & Wakefield’s North Bay office in Larkspur represented the buyer. Steven Leonard also of the firm’s North Bay office represented the seller.
North Bay Center features great identity along Redwood Boulevard, is walking distance to the numerous amenities in downtown, including the Novato Fair Shopping Center across the street, and provides easy access to U.S. Highway 101 via De Long Avenue. The building features a unique balcony that extends around most of the upper floor, an expansive glass-line, an on-site gym with lockers and showers, and on-site storage spaces.