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3301 KERNER BOULEVARD
SAN RAFAEL, CA
MATT STORMS, PARTNERLIC # 01233478 (415) 461-1010, EXT 123
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3301 KERNER BOULEVARDSAN RAFAEL, CA
FOR SALE
MATT STORMSPARTNER
LIC # 01233478
R E P R E S E N T E D B Y : Keegan & Coppin Company, Inc. The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
FOR SALEE X E C U T I V E S U M M A R Y
Keegan & Coppin Company, Inc. is pleased to offer for sale this small corporate headquarters building in the heart of Marin County, California.
Totally remodeled and upgraded in 2005, this 3-story office building’s flexible design allows for single or multiple users.
The building features an abundance of infrastructure instal-lations and upgrades including efficient floorplans, solar, secure parking, operable windows, robust server room with data and phone distribution throughout.
This offering represents an opportunity to secure a conve-niently located headquarters building in the heart of Marin County that is easily accessed from the East Bay and San Francisco.
The offering price combined with the historically affordable financing opportunities further increases its’ appeal.
• Ideal small headquarters
• Efficient design and configuration
• Convenient and central location
Purchase price:
Building size:
Price / PSF:
$7,200,000
24,018 SQ FT (APPROX.)
$299
OFFERING
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3301 KERNER BOULEVARDSAN RAFAEL, CA
FOR SALE
MATT STORMSPARTNER
LIC # 01233478
R E P R E S E N T E D B Y : Keegan & Coppin Company, Inc. The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
PROPERTY DESCRIPTION
008-082-52APN
39,578+/- SFLAND SIZE
24,018+/- SFBUILDING SIZE
86 (3.58/1000)PARKING STALLS
CCI/OZONING
Wood frame stuccoCONSTRUCTION TYPE
Tar & gravel with solar - 2005ROOF
P R O P E R T Y D E S C R I P T I O N
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3301 KERNER BOULEVARDSAN RAFAEL, CA
FOR SALE
MATT STORMSPARTNER
LIC # 01233478
R E P R E S E N T E D B Y : Keegan & Coppin Company, Inc. The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
• Two elevators
• Fully sprinklered
• Secure parking structure
• Operable windows
• Robust server room and IT infrastructure
P R O P E R T Y D E S C R I P T I O N
Originally built in 1984 as a three-story multi-tenant office building with an attached concrete parking structure, it was subsequently sold in 2005 to the current owner who completely renovated and upgraded the building as a sin-gle tenant corporate headquarters.
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3301 KERNER BOULEVARDSAN RAFAEL, CA
FOR SALE
MATT STORMSPARTNER
LIC # 01233478
R E P R E S E N T E D B Y : Keegan & Coppin Company, Inc. The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
3301 KERNER BOULEVARDFLOOR PLANS
THIRD FLOOR+/- RSF
FIRST FLOOR+/- RSF
SECOND FLOOR+/- RSF
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3301 KERNER BOULEVARDSAN RAFAEL, CA
FOR SALE
MATT STORMSPARTNER
LIC # 01233478
R E P R E S E N T E D B Y : Keegan & Coppin Company, Inc. The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
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F I N A N C I A L O V E R V I E W :P R O F O R M A S B AO W N E R U S E R
Source of Funds Amount RateAmortization/
TermCollateral Monthly Payment Annual Payment
First Lender2 (50%) $3,600,000 3.5% 25/10 years 1st Deed $18,022 $216,269
SBA 504 Loan(40% + SBA Fees)
$2,959,000 2.59 25 years Fully Amortized
2nd Deed $13,409 $160,909
Equity Injection (10%) $720,000
Total $7,279,000 TOTAL PAYMENT $31,431 $377,178
PAYMENT PSF $1.31 $15,70
1Estimated Fees:SBA/CDC fee of 2.65% of SBA loan amount plus CDC's attorney fees which is included and FINANCED in the SBA loan.
2Bank Rate & Term Bank rate is estimated and for estimation purposes only. Amortization and maturity are determined by the lender.
SBA Rate & Term SBA interest rate is FIXED at the time of debenture sales.
Property Acquisition: $7,200,000
SBA/CDC Fees: (est.) $79,000
Project Cost: $7,279,000
FINANCING BREAKDOWN LOAN STRUCTURE
Bank 1st Mortgage: 50% $3,600,000
SBA 504 2nd Mortgage: 40% $2.959,000
Down Payment: 10% $720,000
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3301 KERNER BOULEVARDSAN RAFAEL, CA
FOR SALE
MATT STORMSPARTNER
LIC # 01233478
R E P R E S E N T E D B Y : Keegan & Coppin Company, Inc. The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
F I N A N C I A L O V E R V I E W :P R O F O R M A C O S T O F O W N E R S H I P
Debt Service $ 377,178.00 $ 31,432.00 $ 1.31
Property Tax estimate $ 90,000.00 $ 7,500.00 $ 0.31
Insurance $ 14,500.00 $ 1,208.33 $ 0.05
General Maintenance $ 7,000.00 $ 583.33 $ 0.02
General Repairs $ 25,000.00 $ 2,083.33 $ 0.09
PG&E estimate $ 48,996.72 $ 4,083.06 $ 0.17
Janitorial $ 23,057.28 $ 1,921.44 $ 0.08
Landscape $ 10,000.00 $ 833.33 $ 0.03
HVAC Service $ 8,000.00 $ 666.67 $ 0.03
$ 226,554.00 $ 18,879.50 $ 0.79
$ 2.10*
OWNER USER ANNUAL MONTHLY PSF/MONTH
*Full service equivalent rent per square foot per month before depreciation and equity build through mortgage payments.
This summary of estimated expenses was developed by incorporating expense summaries provided by the seller as well as estimating other expenses using gen-eral industry standards. Any interested party should independently investigate and determine a budget for operating expenses related to owning the property.
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3301 KERNER BOULEVARDSAN RAFAEL, CA
FOR SALE
MARIN COUNTY
Marin County, at the northernmost tip of the San Francisco metropolitan
area, is one of the most vibrant communities in the United States.
Its population is one of the wealthiest, healthiest and most highly educated
in the nation. The expanding economy acts as a global talent magnet and
employment hub. Marin has a long history of being home to vibrant com-
panies in innovative fields. Marin’s unparalleled quality of life continues to
attract new residents and reinforces residential property values. Residents
enjoy exceptional school districts, easy access to a multitude of recreation-
al activities, and breathtaking natural beauty. From all perspectives, Marin
remains in high demand, with a dynamic economy, a desirable lifestyle, and
a direct link to the urban core of the San Francisco Bay Area.
Marin remains a key component to the regional stability of the greater San
Francisco Bay Area. Its low 2.7% percent unemployment rate is a sign of
the County’s robust economic health. A diverse workforce generates more
than $25 billion of annual personal income, while a very healthy business
community contributes to the growth of the North Bay region.
TRANSPORTATION
An ideal location for commuters and locally based employees, 3301 Kerner
has immediate access to Hwy 101 and Interstate 580 providing under
15-minute drives to both San Francisco and the East Bay. Golden Gate bus
stops are located throughout the neighborhood and bike lane infrastructure
continues to be improved throughout the neighborhood.
LO C AT I O N D E S C R I P T I O N
SAN RAFAEL
San Rafael is Marin County’s central hub and most populous city. It is
the seat of the county government, as well as the business and cultural
center. The downtown core is a vibrant, pedestrian-friendly area with
a dynamic mix of shops and restaurants. The wide variety of lively
cultural events throughout the year, such as the Half-Marathon and
Triathlon, the Marin County Fair, the Italian Street Painting Festival, the
events hosted by the California Film Institute during the Mill Valley Film
Festival, the Christmas Lighted Boat Parade and the incredibly diverse
cultural activities at the Civic Center auditoriums distinguish San Rafael
as the cultural heart of the county.
The concentration of city and county government services provide a
keystone for activity in the county, and the easy access to transporta-
tion and major thoroughfares have cemented San Rafael’s role as the
point from which all County business activity radiates. With its strategic
location and easy access to Highway 101 and Interstate 580, San Rafael
is home to a number of growing and well-established companies; Au-
todesk, Inc., Fair Isaac and BioMarin, to name a few.
THE NEIGHBORHOOD
3301 Kerner is in the East San Rafael Commercial District along the
Bellam Boulevard corridor. This vibrant area of San Rafael benefits from
an abundance of services and restaurants as well as its’ proximity to
the Marin Health and Wealth Campus and the recently renovated Marin
Square Shopping Center.
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3301 KERNER BOULEVARDSAN RAFAEL, CA
FOR SALE
MATT STORMSPARTNER
LIC # 01233478
R E P R E S E N T E D B Y : Keegan & Coppin Company, Inc. The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
P R O P E R T Y P H O T O S
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3301 KERNER BOULEVARDSAN RAFAEL, CA
FOR SALE
MATT STORMSPARTNER
LIC # 01233478
R E P R E S E N T E D B Y : Keegan & Coppin Company, Inc. The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
A B O U T U S
Keegan & Coppin has served our communities in the North Bay for well over 40 years. But our unmatched
local experience is only part of what makes us the area’s most trusted name in commercial real estate. At
Keegan & Coppin, we bring together a range of services that go beyond traditional brokerage. That depth of
knowledge and diverse skillset allows us to clarify and streamline all aspects of your transaction, giving you
the confidence of knowing that we can help with anything that comes up through all phases of a project.
Your partner in commercial real estate in the North Bay & beyond since 1976.