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2186 - 2190 Geary Boulevard, San Francisco, CA
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2186 - 2190 Geary Boulevard
San Francisco, CA 94115-3455 - West of Van Ness Submarket
For Sale Price:
Condo (see detail)
This property has 1 condo for sale. The size of the for sale condo is 3,616 SF.
15 Surface spaces are available
Condos For Sale:
The building has 39 medical condo units, each owned individually. The medical complex is a 2-building approximately 50,000-square-foot condominium project adjacent to UCSF, Mt. Zion, Kaiser, Cal Pacific, St.
Francis and St. Mary's hospitals.
The 3-story medical/office building consisting of 55 commercial units features valet parking on-site for staff and patients, served by the 38 Geary and 22 Filmore bus lines, a pharmacy on premises, records storage available, two dental labs in building and medical waste disposal provided by the building.
The subject property is located at the northeast intersection of Geary Boulevard (64,908 AADT) and Divisadero Street (23,542 AADT) in the Lower Pacific Heights neighborhood. The property is located in one of the most highly sought after commercial retail areas, as this particular intersection experiences more traffic than anywhere else in San Francisco and includes one of the most active bus stops directly in front of the property. With little supply in the area and high demand, this property is considered a trophy real estate asset which also features minimal landlord responsibilities due to the net structure of the lease. As quality investments are becoming increasingly difficult to find due to the sheer amount of buyers significantly outnumbering available listings, this property presents an investor with the unique opportunity to acquire a highly desirable net leased asset.
Moreover, there is a heavy concentration of medical offices surrounding the property. UCSF Medical Center at Mt. Zion is located directly north of the property, with a Kaiser Permanente Medical Center west of the property. UCSF Medical Center at Mt. Zion is a major center of medical research.
A few of the developments in the area include the following:
- The District on 2655 Bush Street in Lower Pacific Heights is being redeveloped from an apartment building to an 81 unit condominium building by KB Homes, with condos up for sale for prices between $1,250 and $1,500 per square foot.
- North of the property at the corner of Bush and Divisadero is The Heights, a mixed use redevelopment of 13 new condominiums that range from a sales price of $1.25 million to $1.8 million.
- The North of Panhandle (NoPa) neighborhood has also a number of redevelopment projects lined up. There are plans to redevelop Harding Theater at 616 Divisadero into a mixed-use development by repurposing the theater building into retail and constructing a new five-story building with residential units.
- Less than a mile south of the property at 400 Divisadero is Touchless Car Wash, which is currently under plans to be redeveloped into a six-story building with over 150 residents units and nearly 8,000 square feet of retail space. The project is proposed by the Genesis Real Estate Group and designed by Solomon Cordwell Buenz.
CLICK HERE TO CONTACT THE BROKER
CONDO SALE CONTACTS
Newmark Cornish & Carey - Maffia Team
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