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San Francisco-area office building sells in 1031 exchange

Fully occupied San Rafael medical building trades for $9.28 million
Built in 1993, the office building at 111 Smith Ranch Rd in San Rafael is fully leased to Kaiser Permanente. (CoStar)
Built in 1993, the office building at 111 Smith Ranch Rd in San Rafael is fully leased to Kaiser Permanente. (CoStar)
By Sam Castagna with
CoStar Research
April 7, 2026 | 3:22 P.M.

Sujeewa Sean Pathiratne acquired a two-story office building at 111 Smith Ranch Road in the North Bay city of San Rafael, California, from Roger A. Smith and Michael J. Smith for about $9.28 million, or $341 per square foot.

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News | San Francisco-area office building sells in 1031 exchange