Updated Sep 29, 2026
Matt White Of Basin Street Properties Acquires Mixed-Use Assets From Kurt Houtkooper Of Graham Street Realty
899 Northgate Drive & 1050 Northgate Drive
Building Size
113,094 SF
Asset Type
Mixed-use
Closing
Sep 24, 2026
About this deal
AI
Two Class A office and medical office buildings were sold in San Rafael, CA, totaling 113,094 square feet. The properties are located at 899 Northgate Drive and 1050 Northgate Drive. The sale is part of a strategic expansion by the acquiring company in Marin County, with plans for enhancements to the properties.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Buyer: Matt White - Basin Street Properties
- Seller: Kurt Houtkooper - Graham Street Realty
- Market: San Rafael, CA
- Asset Size: 113,094 square feet
Matt White represented Basin Street Properties in this acquisition, while Kurt Houtkooper represented Graham Street Realty in the transaction. The deal indicates an ongoing commitment by Basin Street Properties to enhance the properties within their portfolio.
On the Map
Mixed-use
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Players
Northgate Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93