For Sale: Credit Medical Tenant @ 6.75% In-Place Cap. Rate. 490 Post, Suite 419
$677,000
490 Post Street, Suite 419, San Francisco, CA 94102
6.75
Cap Rate
45,670.2
NOI
Details:
Highlights:
- Credit tenant Labcorp (NYSE: LH) with an annual revenue of $13.1 Billion in 2024
- 6.75% cap on in-place income, with 3% annual rent increases
- Open 24/7 with building security
- Easy management of Owners Association expenses through a professional management company
- 490 Post is one of the main medical/dental buildings in San Francisco
- 525 parking spaces | 4.07/1,000 Ratio | Monthly/daily/hourly paid parking available in the building
- Great transportation links, BART and Muni
Description:
Credit tenant Labcorp (NYSE: LH) has operated in this location since August 2023. They are currently paying $3,805.85 per month plus triple net expenses, increasing to $3,920 net rent per month on December 1st, 2025. This equates to a 6.75% in-place cap. rate increasing to a 6.95% cap. rate later this year. They have been a tenant in this suite over 22 years! This is the only LabCorp in the San Francisco Downtown area (Union Square, Financial District, & SOMA). This is a corner suite with a restroom. Medical office and professional office uses are permitted. Operable windows with lots of natural light. This is a rarely available commercial condominium in the 490 Post Street building.
Prestigious address in Union Square San Francisco. Proximity to shopping, hotels and restaurants. Easy access to BART and MUNI bus and underground routes.
Documents:
| Title | ||
|---|---|---|
| Sale_Brochure_490_Post_Suite_419_6.75_cap.pdf |
Location
Gallery
