No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information. HL Commercial Real Estate 70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com Contact: John Wright 415.446.4231 [email protected]Lic# 01320688 Peter Gettner 415.269.3622 [email protected]Lic# 00785623 For Sale: Restaurant & Office Building • Fully Equipped Restaurant • Excellent Street Exposure • Patio in Back • 2nd Floor Office Space w/ Usable Deck & Kitchenette • City Parking in the Back Offering Summary 807-809 Grant Ave., Novato CA Asking Price: $1,895,000 $1,995,000 Price Per Sq. Ft.: $ 402.51 psf Proforma CAP Rate: 4.48 % Total Building Sq. Ft.: 4,708 +/- sq. ft. New Price! 9/5/17
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No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
For Sale: Restaurant & Office Building807-809 Grant Avenue, Novato, CA 94945
Building/Space Description:
This historical building fronts Grant Avenue in downtown Novato. The building was rebuilt from the ground up in 2005. The ground floor (2,868 +/- sq. ft.) is the former Left Coast Depot Restaurant, and seats 110-120 inside, with rear patio seating for an additional 16-20 patrons. The rear door provides access to a City parking lot.
The second floor (1,634 +/- sq. ft.) is a two-suite office with a bathroom, kitchenette and a usable deck. There are operable windows and good natural light. There is 206 +/- sq. ft. of common area.
Location Description:
This building is located in the core of Old Town Novato. High foot traffic. Ideally located close to restaurants, shops, businesses and in the next block is Whole Foods Market and Millworks, a 117-unit upscale townhouse and apartment project.
Property Details:
Assessor’s Parcel #: 153-063-08Total Building Sq. ft.: 4,708 +/- sq. ft. Total Sq Ft of Land: 3,500 +/- sq ftYear Building Constructed: 1915 +/- (Rebuilt in 2005)Parking: Street parking & rear City parking lotStories: Two (2)Type of Construction: Wood FrameRoof Type: 4-ply Built UpZoning Designation: CDR:D:H (Downtown Core Retail Historic District)Fire Sprinklers: YesHeating & Air Conditioning: YesFlood Zone Designation: Zone X (An area that is determined to be outside the 100- and 500-year floodplains)
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
For Sale: Restaurant & Office Building807-809 Grant Avenue, Novato, CA 94945
Restaurant Furniture, Fixtures and Equipment:
2 hoods (one small and one large), a Salamander, walk-in Cooler, 2 6-burner stoves, 2 refrigerators (1 mid-size and 1 large-size), microwave, toaster, 3 coffee makers, ice machine, soda machine and assorted pots, pans and related equipment.
The bar includes a refrigerator, cooler, beer machine and 6 stools. In the customer seating area there are 9 wood tables, 27 wood chairs, a boot bench (16) and a refrigerated display case. The patio area had 4 table and 8 chairs. A full list of furniture, fixtures and equipment is available.
Sale Terms:
Price: $1,895,000 ($402.51 psf)Proforma CAP Rate: 4.48%Terms: Cashorcashtonewfinancing.Possible10%down paymentforqualifiedbuyerwithSBAfinancing.Owner/User: Therestaurantwillbedeliveredvacantatclose of escrow.
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903 www.hlcre.com
For Sale: Restaurant & Office Building807-809 Grant Avenue, Novato, CA 94945
SBA 504 Loan ScenarioRetail Building For Sale Scenario as of: 7/26/2017
Own the Business? Own the Building.
Purchase Price $1,895,000 807-809 Grant Ave., Novato, CA Improvements $0 Building Size 4,708 sfOther $0Total Project Costs $1,895,000 Price per Sq. Ft. $402.51 psf
