1701 Novato Blvd, Novato, CA 94947

1701 S. Novato Blvd is a three story, elevator served ±39,609 RSF office building offered at a compelling basis with clear lease up and value add potential. The property is currently ±46.5% leased, providing in place income with meaningful upside through vacancy absorption or a partial owner-user strategy.

Recent improvements include refreshed lobbies and corridors, ADA path of travel upgrades, improved landscaping, and a newly constructed shared conference room. Suite sizes range from approximately ±836 RSF to ±5,781 RSF, with select suites offering operable windows and exterior decks.

The tenant mix is diversified and service oriented with limited near term rollover. Ownership is pursuing a roof coating program with an anticipated seven-year warranty, further reducing future capital exposure.

Located along the S. Novato Blvd corridor with direct access to Highway 101, public transit at the property, and close proximity to downtown Novato, the asset is well positioned to capture demand from local and regional office users.

Offered at $5,000,000 ($126/SF), the property presents an attractive opportunity to acquire a Marin County office asset at a basis well below replacement cost with multiple paths to value creation.