Keegan & Coppin REAL ESTAT E ONCOR INTERNATIONAL Commercial Real Estate Services FOR SALE Novato Commercial Development Site with Current Income Price: $3,540,000 Now: $2,900,000 Contact: Ron Giannini, CCIM ONCOR INTERNATIONAL 101 Larkspur Landing Circle Larkspur, CA 94939 (415) 461-1010 Fax (415) 925-2310 Email: rgiannini@keegancoppin.com www.keegancoppin.com Landing Court Novato, California O N C O R I N T E R N A T I O N A L Offices in 220 Cities: UNITED STATES, CANADA, DENMARK, FRANCE, GERMANY, INDIA, AUSTRIA, RUSSIA, CHINA, AUSTRALIA, UNITED KINGDOM, THE NETHERLANDS, MEXICO, JAPAN, ITALY, SPAIN, SWITZERLAND, CZECH REPUBLIC, BELGIUM, POLAND, NORWAY, UKRAINE, SWEDEN, FINLAND, HUNGARY, BRAZIL, CHILE, ARGENTINA, IRELAND The above information, while not guaranteed, has been secured from sources we believe to be reliable. This is not an offer to sell or lease and is subject to change or withdrawal. An interested party should verify the status of the property and the information herein.
Keegan & Coppin FOR SALE Novato Commercial Development Site With Current Income Contact: Ron Giannini, CCIM Property Type: Storage Yard Keegan & Coppin Company 101 Larkspur Landing Circle Price: $2,900,000 Larkspur, CA 94939 (415) 461-1010 Land Area: 2.14 Acres/93,120 SqFt Property Address: Landing Court, Novato, CA Price/SqFt: $31.14 Parcel: 153-162-59 NOI (Proforma): $76,516 Zoning: (PD) Planned District Use Designation: General Commercial Property Location: The Property is located in the City of Novato located at the northern tip of Marin County, immediately south of the Marin/Sonoma County line. The City of Novato has a population of approximately 49,000 residents and has been growing steadily over the last decade. The Property is on Landing Court and is located two blocks off of the Rowland Blvd Exit. There is easy access to US 101, downtown Novato and the Vintage Oaks Shopping Center. Property Description: The Property consists of a 2.14 acre parcel of land that is currently utilized as a storage yard with approximately 150 parking spaces. The lot is improved with asphalt paving, perimeter cyclone fencing and concrete curbs and gutters. The parcel is mostly level and at street grade. All utilities are available to the subject Property. Land Use Designation and Zoning: The Novato General Plan Land Use Designation for the Property is General Commercial. For clarification purposes, the attached document is a description of the current Uses Included under the General Commercial Designation. The Property is located in a Planned District (PD) Zoning. To develop the site, both a Master Plan and Precise Development Plan is required. (Additional information is also attached) O N C O R I N T E R N A T I ON A L Offices in 220 Cities: UNITED STATES, CANADA, DENMARK, FRANCE, GERMANY, INDIA, AUSTRIA, RUSSIA, CHINA, AUSTRALIA, UNITED KINGDOM, THE NETHERLANDS, MEXICO, JAPAN, ITALY, SPAIN, SWITZERLAND, CZECH REPUBLIC, BELGIUM, POLAND, NORWAY, UKRAINE, SWEDEN, FINLAND, HUNGARY, BRAZIL, CHILE, ARGENTINA, IRELAND 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.
Keegan & Coppin Storage Yard Landing Court Novato, California Income & Expense Statement ANNUAL INCOME Proforma Scheduled Rental Income $ 124,540 Vacancy Allowance 3% $ 3,736 Effective Gross Income $ 120,804 ANNUAL OPERATING EXPENSES Proforma Property Taxes (New)(Est) 1.21% $ 35,090 Insurance $ 2,000 Property Management 5% $ 6,040 License & Permits $ 158 Miscellaneous $ 1,000 Total Expenses 37% $ 44,288 NET OPERATING INCOME $ 76,516 O N C O R I N T E R N A T I ON A L Offices in 220 Cities: UNITED STATES, CANADA, DENMARK, FRANCE, GERMANY, INDIA, AUSTRIA, RUSSIA, CHINA, AUSTRALIA, UNITED KINGDOM, THE NETHERLANDS, MEXICO, JAPAN, ITALY, SPAIN, SWITZERLAND, CZECH REPUBLIC, BELGIUM, POLAND, NORWAY, UKRAINE, SWEDEN, FINLAND, HUNGARY, BRAZIL, CHILE, ARGENTINA, IRELAND 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.
Keegan & Coppin Novato General Plan Office, Commercial, and Industrial Designations Land Use Designation Business and Professional Office Pacifica Storage Yard Uses Included Office activities, including office campuses, research and development activities, hospitals, and administrative, medical, dental, business offices, and visitor serving hotel/motels with ancillary commercial and service establishments, and other similar uses. 0.4 Maximum Floor Area Ratio (FAR) General Commercial Neighborhood Commercial Downtown Core Commercial/Industrial Established commercial areas with off-street parking and/or clusters of street front stores; regional and local-serving retail establishments; specialty shops, banks, professional offices; business and personal services; visitor serving hotel/motels with ancillary commercial and service establishments, and other similar uses. This designation is typically assigned to larger parcels, located on a major arterial street. Established neighborhood shopping areas, to meet the retail and service needs of nearby residents. This land use designation allows a variety of retail stores, and personal services such as grocery stores, dry cleaners, professional and administrative offices, restaurants, residential care facilities for the elderly, and other similar uses. Multi-family housing integrated with commercial uses is permitted. This designation will be used for part of the Downtown Specific Plan area. It permits office, commercial, and retail uses, mixed commercial/residential use with commercial uses located principally on the ground floor, and other similar uses. A wide range of commercial and industrial uses, including motor vehicle service uses, contractor uses and yards, manufacturing, storage uses, wholesale, incidental employee serving retail/service uses, specialty retail uses consistent with industrial uses, rock, sand and gravel plants, solid waste management and recycling facilities, trucking yards or terminals, ancillary office and small offices. This designation applies to the area north of Grant Avenue and east of Redwood Boulevard, which now contains a mixture of commercial, construction-related, and industrial uses. The intent of the designation is to encourage existing businesses to remain and make improvements. 0.4 0.4, with an increase to 0.6 if housing is included, provided the difference between FAR of 0.4 and 0.6 is used for housing. 1.2 with potential for a maximum of 2.0 where housing is incorporated or the project is found to be of historical significance or of exceptional design quality in conformance with Downtown Specifi c Plan Design Guidelines. 1.0 O N C O R I N T E R N A T I O N A L Offices in 220 Cities: UNITED STATES, CANADA, DENMARK, FRANCE, GERMANY, INDIA, AUSTRIA, RUSSIA, CHINA, AUSTRALIA, UNITED KINGDOM, THE NETHERLANDS, MEXICO, JAPAN, ITALY, SPAIN, SWITZERLAND, CZECH REPUBLIC, BELGIUM, POLAND, NORWAY, UKRAINE, SWEDEN, FINLAND, HUNGARY, BRAZIL, CHILE, ARGENTINA, IRELAND The above infor mation, while not gua ranteed, has been secur ed from sources we believe to be reliab le. Submi tted subject to erro r, change o r withd rawal. An in teres ted p ar ty should ve rify the sta tus of the prop erty and the in forma tion her ein.
Landing Court Novato, California County of Marin Site Map Parcel Map Keegan & Coppin Contact: Ron Giannini,CCIM ONCOR INTERNATIONAL 101 Larkspur Landing Circle Larkspur, CA 94939 (415) 461-1010 Fax (415) 925-2310 Email: rgiannini@keegancoppin.com www.keegancoppin.com The above information, while not guaranteed, has been secured from sources we believe to be reliable. This is not an offer to sell or lease and is subject to change or withdrawal. An interested party should verify the status of the property and the information herein.