First & Grant

Novato, CA
First & Grant
First & Grant

Facility Highlights

  • Development Project on 1 acre infill, l, located in downtown Novato, CA
  • The Site had been dark for almost 15 years
  • SVN assisted the Seller in obtaining plan approval for a 57,800 SF building consisting of 32 Apartments and 13,300 SF of retail on the ground floor which ultimately increased the sale's price

Transaction Summary

  • SVN assisted the Seller in obtaining a purchase price that was higher than originally anticipated
  • SVN assisted the Seller and the Architect to implement the highest and best use for the site based of market knowledge
  • The Buyer liked SVN so much we ended up representing them on another purchase shortly after closing escrow

Key Benefits

  • SVN utilized its robust national database to source a Buyer that specializes in affordable housing
  • SVN drove up the sales price by assisting the Buyer with SB 35 which streamlines city approval for affordable housing
  • Utilizing the SB 35, the Buyer was able to obtain approvals to build more than twice the number of approved units than originally anticipated