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27482375
27482358

20 Sunnyside Avenue, Mill Valley, CA 94941

BF
CA CA 01393059
Cushman & Wakefield - Larkspur, California
DS
CA 02163430
Cushman & Wakefield - Larkspur, California
Listed by Cushman & Wakefield - Larkspur, California
$5,199,000
481 days on market
Updated 82 days ago

20 Sunnyside Avenue

Details
APN 028-065-01
Property Type Office
Sub Type Medical Office, Professional Office
Square Footage 7,521
Cap Rate 7.55%
NOI $392,396
Occupancy 93.71%
Tenancy Multi
Lease Type Modified
Broker Co-Op Yes
Class A
Year Built 1964
Year Renovated 2022
Buildings 1
Stories 2
Lot Size (SqFt) 5,731
Zoning CD- Downtown Commercial
Parking Spaces 8 spaces
Parking Per SqFt 1.06
Investment Type Value Add

Leased Trophy Asset With Upside Potential

Marketing description

Cushman & Wakefield is proud to present 20 Sunnyside Avenue, a premier office building in the heart of Mill Valley’s vibrant downtown.

This trophy asset offers 7,521 square feet of high-end office space and is currently 84% leased to a diverse roster of successful professional and medical tenants. Situated just steps from an array of top-tier restaurants, coffee shops, bars, and amenities, the property embodies the work-life balance that Mill Valley residents and professionals highly value.

With strong in-place income and staggered lease expirations, 20 Sunnyside provides a rare opportunity to acquire a stabilized, institutional-quality asset with secure cash flow. The property is also strategically positioned to capitalize on Mill Valley’s growing office demand and anticipated near-term rent growth as market fundamentals in Marin County and the Greater Bay Area continue to strengthen.

This offering represents a unique chance to invest in one of the Bay Area’s most sought-after office markets.

Investment highlights

  • Preeminent, Bay Area Institutional Quality Asset
  • 20 Sunnyside Has Been Meticulously Maintained And Is Considered One Of The Top “Pride Of Ownership” Office Buildings In Mill Valley. Located At The Epicenter Of Downtown The Property Is Highlighted By Its High quality Interior & Exterior Finishes, Dramatic Views, Flexible Flo Or plates, And An Impressive List Of Nearby Amenities. As A Result, 20 Sunnyside Has A Proven Track Record Of Outperforming The Submarket By Attracting And Retaining Some Of Marin County’s Most Prominent.
  • Strong In-Place Income With Stability & Upside
  • 20 Sunnyside Is Currently 84% Leased And Provides Investors With A Secure Cash Flow Stream And Contractual Rental Increases. Immediate Upside Will Result From Repositioning And Re-Tenanting The Remaining Vacancies Which Have A Modern Feel And Are Move-In Ready.

Listing Contacts

BF
CA CA 01393059
Cushman & Wakefield - Larkspur, California
DS
CA 02163430
Cushman & Wakefield - Larkspur, California
Listed by Cushman & Wakefield - Larkspur, California

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$392,396.16
$32,699.68/mo

Valuation Metrics

0
DSCR
7.55%
Cap Rate
7.55%
ROI

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Additional Information

Name
Brian Foster
License
CA 01393059
Brokerage
Cushman
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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