2027-2029 Market St - Apartments CONDO FOR SALE


San Francisco, CA 94114- Castro
$4,950,000 USD
707-591-0570
2027-2029 Market St, San Francisco, CA for Sale
$4,950,000 USD
Apartments CONDO - FOR SALE
1/23
null | 8.5% Cap Rate

2027-2029 Market St
San Francisco, CA 94114
Castro


OVERVIEW

Upper Market Investment Opportunity in SF. Fully leased, 5000 square foot commercial condo leased to an industry leading cannabis dispensary, Apothecarium SF. This ground floor commercial condo is fully remodeled with high end interior finishes, and is accessed directly off of Market St. with full ADA accessibility. With a newly signed absolute NNN lease extension, and multiple extensions in place, this is a stable investment opportunity. Included in the lease are base rent escalations and a minimum percentage rent kicker that provides above market rents and additional upside.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$990 USD /SF

CAP RATE

8.5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Drug Store, Medical

TOTAL BUILDING SIZE

28,840 SF

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,802 SF

ZONING

NC3

APN/PARCEL ID

3535-016,3535-026

ASK ABOUT THIS PROPERTY

Randy WallerW CommercialMore Info
707-591-0570

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Randy WallerW CommercialMore Info
707-591-0570

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