2305 Van Ness Ave - Medical FOR SALE


San Francisco, CA 94109- Pacific Heights
$3,289,000 USD
415-608-8409
2305 Van Ness Ave, San Francisco, CA for Sale
$3,289,000 USD
Medical - FOR SALE
1/26
null | 3.06% Cap Rate

2305 Van Ness Ave
San Francisco, CA 94109
Pacific Heights


HIGHLIGHTS

  • Stable Cash Flow: 100% occupied by creditworthy healthcare tenants with long-term tenancy (e.g., Dr. Bruce Hiura in place since 2016).
  • Value-Add Potential: Two vacant units (Units A and C) offer immediate leasing upside in a submarket where peers average $39.22/SF rents.
  • Market Outperformance: 0% vacancy vs. 27.2% peer average, positioning the property as a standout asset in a recovering office market.
  • Prime Positioning: High Walk/Transit Scores and proximity to tech hubs like South Financial District, attracting hybrid workforce-friendly tenants.
  • Favorable Market Trends: San Francisco’s office leasing activity surged in 2024, due by AI sector expansion, signaling long-term demand stabilization.
  • Competitive Pricing: Recent sales of other Class C office assets in the area avg. $502/SF, with cap rates of 8.8%, offering attractive entry metrics.

OVERVIEW

2305 Van Ness Ave is a 5,565 SF Class C office building constructed in 1956, offering stabilized cash flow with 100% occupancy by long-term healthcare tenants, including Dr. Bruce Hiura (in place since 2016) and Dr. Henry Oyharcabal. The property features two vacant units (Units A and C), presenting immediate value-add potential in the Van Ness/Chinatown submarket, where average rents of $39/SF remain below the citywide $51/SF benchmark. Ideally positioned with a Walk Score of 100 and Transit Score of 86, the asset benefits from proximity to Polk Street’s vibrant retail and dining corridor, MUNI transit access, and the Financial District just 1.1 miles away. The submarket outperforms with an 11.6% vacancy rate—less than half of San Francisco’s 23.4% citywide average—supported by a decade of no new construction and growing demand from AI/tech firms leveraging nearby high-quality sublease spaces. This turnkey investment generates $13,685 in monthly in-place income, with below-market rents offering upside as the market stabilizes. The concrete-block construction ensures low maintenance costs, while the 0% vacancy rate contrasts sharply with the 27.2% peer average, positioning the asset for resilience amid San Francisco’s recovering office sector. Ideal for investors seeking a hands-off opportunity, 2305 Van Ness Ave combines immediate cash flow with exposure to tech-driven demand and healthcare tenancy stability, all in a supply-constrained submarket poised for rent growth.

FOR SALE DETAILS

PRICE

$3,289,000 USD

PRICE/SF

$591 USD /SF

CAP RATE

3.06%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

RC3, San Francisco

APN/PARCEL ID

0551-004A

ASK ABOUT THIS PROPERTY

Carlos Serrano-QuanSequoia Commercial GroupMore Info
415-608-8409

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Carlos Serrano-QuanSequoia Commercial GroupMore Info
415-608-8409

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.