This article covers the recent acquisition of a longtime Bank of America branch in San Rafael by Mill Valley-based Sunhill Corp. The $5.7 million deal hints at what’s happening in Marin County’s commercial real estate market these days.
Investors keep showing steady interest in income-producing properties. This purchase shows some real confidence in well-located, single-tenant assets across the North Bay.
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A Strategic Commercial Real Estate Purchase in San Rafael
Sunhill Corp., a property management firm based in Mill Valley, just added another asset to its Marin County portfolio. The company snapped up a former Bank of America branch in San Rafael, which boosts its presence in one of the county’s busiest commercial corridors.
The deal closed at $5.7 million for a property with 8,323 square feet of space. That comes out to about $684 per square foot, which lines up with other recent sales in San Rafael, Corte Madera, and Larkspur.
Details of the Transaction
A family trust sold the property after holding it for six years. The building served as a single-tenant bank branch during that time, a setup investors often like for the stability and steady income.
Why Bank Branch Properties Still Attract Investors
The banking industry keeps changing, but branch locations still draw interest from commercial real estate investors—especially in places like San Rafael, Novato, and Greenbrae. These buildings usually sit on busy streets with plenty of visibility and easy access.
Single-tenant bank properties often have solid construction and plenty of parking. Their layouts can work for future uses, too. For firms like Sunhill, already managing assets around Marin County, these buildings offer flexibility and long-term value.
Stability in a Changing Market
Some retail sectors face uncertainty, but demand for income-producing properties in Marin County hasn’t really let up. Investors seem to prefer tangible, well-located buildings over riskier developments, especially in established towns like Mill Valley, Sausalito, and Tiburon.
Sunhill Corp.’s Local Advantage
Sunhill’s deep roots in Marin County probably helped with this acquisition. The firm has decades of experience managing properties from San Rafael to Fairfax and Kentfield, so it really knows the local market, zoning quirks, and what tenants want.
This local know-how lets Sunhill spot opportunities that out-of-area investors might miss. It also means the company can react fast to market changes—whether that’s through repositioning, leasing, or just holding on for the long run.
Expanding a Regional Portfolio
The San Rafael purchase shows Sunhill’s ongoing confidence in Marin County’s commercial real estate. As towns like Novato and Terra Linda grow, well-kept commercial properties still matter to local economies.
What This Sale Says About Marin County Real Estate
The $5.7 million sale highlights a bigger pattern. Investors still want grounded, income-producing commercial real estate in Marin County.
Even with higher interest rates and changing work habits, buyers keep paying top dollar for quality properties in great spots.
From San Anselmo to Mill Valley, properties with stability and visibility keep drawing attention. Adaptable spaces? Those get noticed too.
Here is the source article for this story: News | Sunhill buys Bank of America branch in San Rafael, California
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