7 Mt. Lassen Drive

San Rafael | Repositioning

A 28,530 sf four building suburban office complex in the affluent Marin County city of San Rafael. The buildings were approximately 95% leased on short-term leases that were below the current market rates.

At the time of sale, the property had approximately 91% tenant roll in the upcoming 24 months which offered investors the ability to immediately mark rents to market in the near term.

The property was one of only three multi-tenant, small suite office buildings in all of Marin County.

Beckett Capital marketed the property to approximately 8,000 investors both regionally and nationally. The property received strong interest, especially from local investors and operators who recognized the extremely unique nature of the asset and the specific tenant market that it served within the northern Marin County market.

7 Mt. Lassen Drive