SAN RAFAEL, CA-A class A office at 111 McInnis Pkwy., an approximate 115,514 square-foot three-story building, is on the block here. The trophy property is 100% leased to Autodesk Inc.
According to Colliers International, which has been retained as the exclusive marketing agent, this is the first time the building has been up for sale. The firm's investment services group in San Francisco which includes, Tony Crossley, Erik Hanson, Tim Maas, and Frank Wheeler, is exclusively marketing the property and representing the seller, JHS Holdings Inc., in the sale.
Hanson tells GlobeSt.com that the property is "going out unpriced." He also says that in terms of reasons for selling, "the seller is a private family taking advantage of positive market conditions."
Located in Marin County, just north of San Francisco, 111 McInnis Pkwy. was constructed as a build-to-suit for in 1993-1994 for the current tenant. "111 McInnis Pkwy. offers a rare opportunity for an investor to acquire a best-in-class, class A office property backed by strong credit tenancy in one of the Bay Area's most affluent submarkets." says Hanson.
Hanson tells GlobeSt.com that the buyers will most likely be "institutional investors seeking high-quality, single-tenant office buildings with credit tenancy."
Positioned in a supply constrained market with high barriers to entry, the best-in-class property is close distance to a host of transportation options and area amenities, including highways 101 & 580, Larkspur Landing Ferry, and the future SMART rail, as well as Northgate Mall, Kaiser Permanente Hospital, and numerous parks and recreation areas.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
