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4/25/16
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Professional Financial Investors has purchased 100 Tamal Plaza, a newly renovated, 21.3k sf multi-tenant office building in Corte Madera, for $8.2 mil, or about $385/sf. The two-story, professional/medical services building was sold by Simeon Commercial Properties, which had recently completed renovations including a new lobby and entrance, new interior and exterior paint, new carpeting, and new restrooms.
Named after its location at 100 Tamal Vista Blvd, 100 Tamal Plaza is conveniently located near the Corte Madera Town Center, Larkspur Country Mart, Bay Club, and a new residential and retail mixed-use development. The property is also located along a popular bike/pedestrian path great for recreation and commuting. Located in Marin County, the Town of Corte Madera is less than 10 miles north of San Francisco and directly west of the San Francisco Bay.
Trevor Buck, Brian Foster and Steven Leonard with Cushman & Wakefield’s Larkspur (North Bay) office represented the seller. Buck, Foster and Bryan Vidinsky, of the same office, represented the buyer.
Mr. Buck, a Senior Managing Director with Cushman & Wakefield, noted, “Simeon’s recent renovations were great enhancements toward the attractiveness of the property. In addition, the property was almost 100% occupied, with minimal vacancy left to reposition.”
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