1135-1169 Magnolia Avenue
$8,250,000
1135-1169 Magnolia Avenue Larkspur, CA 94939
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About this listing
The Shops at Magnolia are located in the town of Larkspur surrounded by high end homes and several similar strip neighborhood shopping centers. The property is well situated on a main thoroughfare which leads from the College of Marin to Marin General Hospital Campus. A short distance from the 101 Highway which extends from the Golden Gate Bridge (San Francisco) to Sonoma County and northern coast line.
Overall, the Larkspur area is a mature community that is expected to continue to experience stable local economy. The city has a good location in Marin County with access from Highway 101 to Sonoma County to the north and San Francisco to the south.
The Magnolia Shops consist of 12 retail stores plus an on-site managers office. The property sits on a 67,700 square foot parcel.
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Cap Rate
7.29%
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NOI
$601,113
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Building Size
23,606 sqft
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Lot Area
1.55 acres
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Year Built
1948
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Zoning
Commercial (NEC)
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Floors
1
DESCRIPTION
- • Average Occupancy Rate: 42.0
- • Age: Over 50 Years Old
- • Area Amenities: Jogging / Biking Path
- • Exterior Description: Wood Frame
- • Garage Description: No Garage
- • Lot Description: Access Type - Road
- • Lot Size: 1-2 Acres
- • Road Type: Main Thoroughfare
- • Views: Panoramic
