$12.35M Northern California Office-Warehouse Listed by Marcus & Millichap

PETALUMA, CA-– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for 715 Southpoint Blvd.,(top left photo)  a two-building 85,490-square foot office and warehouse asset in Petaluma.

The listing price of $12.35 million represents $144 per square foot.

Vincent Schwab, a senior vice president investments and a senior director of the firm’s National Office and Industrial Properties Group in San Francisco, and Kenneth Blomsterberg, (bottom right photo)  a first vice president investments in the Sacramento office, are representing the seller, a local builder.

“The buildings are currently 100 percent occupied by a strong mix of government, international, national and regional tenants with staggered lease expirations,” says Blomsterberg. “Attractive seller financing is available.”

Situated approximately 40 minutes north of San Francisco, the property is located at 715 Southpoint Blvd. in Petaluma near U.S. Highway 101, which links the North Bay to San Francisco and also intersects Interstate 580, which connects the North Bay to the East Bay. The location is close to North McDowell Boulevard, a major four-lane thoroughfare lined with offices, warehouses and retail centers.

Built on 5.9 acres in 1989, 715 Southpoint Boulevard is comprised of 49 percent office space and 51 percent flex space. The steel-frame buildings were constructed by the current owner, whose business occupies a portion of one building. Other tenants include Complete Being Inc., California Department of Motor Vehicles, Dr. Robert Park, FMC Dialysis, Lagunitas Brewing Co., US1COM and Wattgrinder/DY3.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716