Price Reduced to $7,988,0000 - Multi-Tenant, Professional Office & Dental Building - San Francisco, CA
$7,988,000
345 West Portal Avenue, San Francisco, CA 94127
7.18
Cap Rate
573,634
NOI
Details:
Highlights:
- Attractive, light-filled, multi-tenanted medical office building
- 7.18% Proforma Cap. Rate, 4.67% In-Place Cap. Rate
- 77.65% occupancy with 2 suites vacant
- 17 surface parking spaces at the rear of building
- Elevator served
- Great transportation links to San Francisco & Peninsula, muni stops nearby
Description:
This is an outstanding opportunity to purchase an attractive, multi-tenanted medical office building in one of the most affluent commercial corridors in San Francisco. This is a well maintained, pride of ownership building. It is 77.65% occupied with tremendous upside. In-place cap. rate is 4.67%, increasing to 7.18% once the two vacant suites are leased. Tenants include 4 dentists, 1 medical doctor, and 3 professional office businesses. West Portal serves as the principal shopping district in southwestern San Francisco. West Portal is primarily tenanted by neighborhood residents who prefer to office close to home.
345 West Portal Avenue
3 Spaces Available
345 West Portal Avenue, 4th Floor, 4th Medical
Top floor space with elevator access and stairs on both ends. Lots of natural light with windows on both sides. Can be sub-divided. Monthly triple nets are $2.23/SF/MO.
Suite 400, 4th Medical
Suite 410, 4th Medical
Documents:
| Title | ||
|---|---|---|
| For Lease Brochure 345 W Portal Ave San Francisco | ||
| Offering_Memorandum_345_W_Portal_Ave_Sale.pdf |
Location
Gallery
