3619 California St - Storefront Retail/Office FOR SALE


San Francisco, CA 94118- Laurel Heights
$3,750,000 USD
415-516-9843
3619 California St, San Francisco, CA for Sale
$3,750,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 6.92% Cap Rate

3619 California St
San Francisco, CA 94118
Laurel Heights


HIGHLIGHTS

  • New 10 Year Net Lease with Annual Increases and Extension Options

OVERVIEW

This is a rare opportunity to purchase a single-tenant net-leased investment in one of San Francisco's most prestigious locations. The tenant is Presidio Way Veterinary Hospital, a subsidiary of VetnCare, a strong regional operator with 13 Bay Area pet hospitals. This location has been a veterinary hospital since 1997, demonstrating a solid history of successful operations. The tenant has executed a 10-year lease through 2034 with annual increases and two extension options. The tenant is responsible for all operating costs, except for exterior maintenance and structural repairs. Located in Laurel Heights, the property is one half block to the Laurel Village shopping center, adjacent to San Francisco's wealthiest neighborhoods. This is the closest veterinary hospital to Pacific Heights, Presidio Heights, Jordan Park, and the Richmond District. Offered at a 6.9% cap rate, this is an amazing opportunity to acquire an income-producing asset with a strong tenant on a long-term lease.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$893 USD /SF

CAP RATE

6.92%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

NC-S

APN/PARCEL ID

1036-042

ASK ABOUT THIS PROPERTY

Adam FillyCompass CommercialMore Info
415-516-9843

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

Adam FillyCompass CommercialMore Info
415-516-9843

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