Building Details:
• Year Built: 2006
The subject property is located in San Rafael, California, 10 miles north of San Francisco and the Golden Gate Bridge. With a population of 60,000, San Rafael is the largest city in Marin County. The Bay Area is one of the strongest economies in the world. Marin County, with a population of 260,000 has the lowest unemployment rate (3.9%) of any of the 53 counties in the state of California. The average household income (5 mile radius) is $124,100 annually. There is a high barrier to entry for a big box retailer in this area. The Best Buy store is highly visible and adjacent to Highways 101 and 580, with an average daily traffic count of approx. 150,000 vehicles. Biomarin Pharmaceutical Inc., Marin County's largest employer, has their 450,000 Sq. Ft. headquarters campus just 3 block north of the Best Buy location. Other major retailers in the immediate area are Office Depot, Staples, Home Depot, Target, Whole Foods and Trader Joes.
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- Aaron Meadows, agent and Rofo Pro
