1240 South Eliseo Drive, Larkspur California 94904
NET RENTABLE AREA:
10,505 Square Feet
100% – Marin General Hospital
1240 South Eliseo Drive is a two story medical office building that is located in the heart of Southern Marin’s premier MOB submarket. 1240 is one block from Marin General Hospital and Trauma Center, the flagship to the Counties healthcare since 1951. Currently MGH is undergoing a $534,000 million expansion and renovation. 1240 is 100% leased to Marin General on a long term NNN lease. At the time of acquisition, the hospital was in the midst of a full building renovation. The scope of the renovation include: the modernization and ADA upgrades of the elevator, installation of a new HVAC system, a new roof, new tenant improvements to accommodate three hospital user groups and a full upgrade of all code compliance issues.
Upon the completion of the hospitals build out, 1240 S. Eliseo will be a stable, long term investment for Union Property Capitals investor.