Office for Sale in San Rafael, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: San Rafael, CA 94901
  • Year built: 1981

Description

Marcus & Millichap is pleased to present The American Building at 1099 D Street, a medical office building (MOB) and surgery center located in the prosperous city of San Rafael, California (“the Property”). The Property is anchored by The Post Street Surgery Center of San Francisco, a world-renowned hand and microsurgery practice that is building a new 11,542 rentable square feet ASC/HCAI 3 surgery center in its space this year, slated to be open in 2027. They continue to pay full rent on their lease during construction. In addition to occupying nearly 44 percent of the 26,147-square-foot medical building (with an integrated 24,460+/- sq. ft. parking structure), this anchor tenant is funding an approximately $6.6M, all cash, complete demolition and rebuild that is currently in for permit, designed by a nationally recognized healthcare architecture firm, Boulder Architects. The Property is highly accessible to visitors thanks to abundant on-site structured and secured parking, as well as the neighborhood’s impressive walkability scores of 98. Multiple public transportation are options are present, including ferry service to San Francisco and Oakland. Across D Street from the Property is the $36 million mission critical Public Safety Center (housing police, fire, EMT dispatchers, etc) and San Rafael City Hall. Stable occupancy and strong rent growth highlight The American Building’s appeal to tenants and its status as a compelling legacy MOB asset in supply constricted Marin County. This rare and coveted investment opportunity is located in San Rafael, just north of San Francisco across Golden Gate Bridge. San Rafael is considered the economic engine of Marin County. The nearby Highway 101 also connects San Rafael to the popular Napa Valley and Sonoma Valley wine regions. The education and health services sectors serve as the market’s major economic drivers. Thanks to a substantial population of residents aged 65 or older, health services are in high demand. Kaiser Pe

Market Context

This office in San Rafael, CA is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1981. It has been on the market for 39 days. Compare it against other office listings for sale in San Rafael, CA — <a href="/search/sale/office/california/san-rafael">view the full market</a>.

As of Q1 2026, the San Francisco North Bay office market showed a 11.5% vacancy rate, and rents up 4.5% year over year. Source: Consensus Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

Is the San Francisco North Bay office market tightening or softening?
Vacancy is around 11.5%, with asking rents rising year over year (Q1 2026).

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