Investment Overview

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 Permanente is the largest single employer in the market, supporting over 2,300 local health sector jobs. Affluent San Francisco families are drawn to San Rafael for its highly touted school system. As a result, the education sector is another major source of employment, led by the San Rafael Elementary and High School Districts. Additionally, the Dominican University of California is located just one mile from the Property and enrolls over 1,800 students.