Leased office building SELLS after complete tenant makeover!
Challenge: This 7300 square foot multi-tenant property had a large vacancy that was severely affecting the owner’s monthly cash flow and property value. As a result of a family event, the owners needed to sell the property within the next year.
Action: Working with Ces, the office spaces were reconfigured in order to satisfy current market demand. Ces and his team executed a campaign targeting qualified prospects through snail mail, signage, cold calling and old fashion networking.
Results: In less than 6 months the building was fully rented with long term leases. By applying specialized marketing practices and working a network of qualified investors Ces and his team SOLD the building to a buyer that finds value in the unique characteristics of the property.
- Commercial Multi-Tenant building sells for over $600 per square foot.
- Leases renegotiated for building sale
- Long-term quality tenants
Property Description
32 Ross Common is a charming, two‐story creative office/loft building comprising approximately 7,300 square feet of usable space. The property was built in 1982 and is classified as Building Class B. It sits on a 0.28‐acre lot and offers multiple suites—each typically around 3,650 square feet per floor—with high ceilings, abundant natural light, skylights, and air conditioning throughout. Zoned CL ‐ Local Service Commercial, it provides convenient access and onsite parking. The building FAR (Floor Area Ratio) is approximately 0.60, offering good space utilization.
Location Description
Located in the heart of Ross Common in Ross, California, this property benefits from its downtown Ross setting, offering both prestige and convenience. The area is primarily local service commercial, blending creative office spaces with boutique retail and service‐oriented businesses. Ross is known for its upscale residential neighborhoods, high quality of life, and strong community identity. Access is relatively straightforward to surrounding Marin County cities and the greater Bay Area. The downtown locale ensures proximity to amenities, dining, and transit, making it attractive for tenants seeking both function and aesthetic value.
Highlights
- Two‐story, loft/creative office building totaling approx. 7,300 sq ft
- Multiple suites with high ceilings, enhancing spaciousness and interior flexibility
- Excellent natural light via skylights and large windows; air conditioning included
- Zoning: CL – Local Service Commercial, offering suitable uses for creative/professional tenants
- Onsite parking and 24-hour access for convenience
- Strong assessed value
Testimonial: When my largest long-standing office tenant relocated to the City Ces assisted me to reconfigure the building to meet the current local office market demand. He leased the offices to strong qualified tenants and subsequently sold the fully leased building. Ces has earned my business, and now represents me leasing and selling my multiple commercial properties.” – Maurizio Rosetti, commercial property owner