Lifehouse Inc. purchases the PERFECT building in the PERFECT location
Challenge: Lifehouse Inc, a non-profit that focuses on improving the quality of life for people with developmental disabilities wanted to buy a stand-alone commercial building to house their corporate offices and to provide limited services. They had been looking at buildings and spaces but could not find something that could work for them.
Action: During a sit-down meeting, Ces and his team of experts interviewed Lifehouse executive management. Targeted questioning helped determine potential locations and available properties that would fit the Lifehouse story. Several options were presented primarily driven by; proximity to services, transportation options, signage, size and pricing.
Results: Ces and his team located and presented the new Lifehouse building that could be easily upgraded to fit Lifehouse needs. The initial price and the after repairs value made sense to Lifehouse and to the bank. Lifehouse received a favorable bank loan to finance the purchase and the needed improvements.
Property Description
18 Professional Center Parkway in San Rafael, CA offers approximately 9,190 square feet of space, making it well-suited for office or service-oriented uses. The property is part of the Marin Professional Center subdivision allowing for a variety of potential applications. Located in the San Rafael Larkspur submarket of Marin County’s North Bay region, the property benefits from excellent accessibility and proximity to both local businesses and regional transportation.
Location Description
The property is strategically located in San Rafael, the county seat of Marin County and a key hub in the North Bay. Just under a mile from the Marin Civic Center SMART rail station, the site offers convenient access for both commuters and clients. The surrounding community is characterized by strong demographics, including high median household incomes and steady population growth. Nearby amenities include a mix of retail, dining, and professional services, making this an attractive location for businesses seeking visibility and convenience in a stable and affluent market.
Highlights
- Approx. 9,190 sq ft building on a 0.61-acre lot
- Located in the San Rafael/Larkspur submarket of Marin County
- Close proximity to Marin Civic Center SMART station for commuter access
- Strong demographics: high median income and growing households
- Professional, service-oriented environment with surrounding retail and offices
- Within the Marin Professional Center subdivision
Testimonial: “After our initial meeting presented us with a building that met our needs – location, layout, size and price. Once we were in contract, he helped us navigate a challenging transaction with confidence and transparency. Along the way, he assisted our CFO in developing financial analysis of the acquisition for board presentation, resulting in final board approval. I would recommend Ces to anyone that is making a commercial real estate acquisition and looking for full transparency, decision support, and great CRE advice.” – Nancy Dow Moody, President & CEO, Lifehouse Inc.