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345 W Portal Ave

11,113 SF 74% Leased Office Building San Francisco, CA 94127 £6,265,867 (£564/SF) 7.18% Net Initial Yield

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Executive Summary

This is an outstanding opportunity to purchase an attractive, multi-tenanted medical office building in the affluent West Portal neighborhood in San Francisco. West Portal serves as the principal shopping district in southwestern San Francisco. This is a well maintained, pride of ownership building. It is a light-filled, multi-tenanted, medical and office building in excellent condition. It has a 4.67% in-place cap. rate and will have a 7.18% proforma cap. rate when stabilized. 77.65% occupancy with 4th floor vacant. 17 surface parking spaces at the rear of the building. Elevator served. Great transportation links to San Francisco & Peninsula, muni stops nearby. This is the largest, most prominent medical office building in the West Portal area.

For Sale OM 345 W Portal Ave San Francisco

Property Facts

Sale Type

Investment

Property Type

Office

Property Subtype

Medical

Building Size

11,113 SF

Building Class

Year Built

1966

Price

£6,265,867

Price Per SF

£564

Net Initial Yield

7.18%

NOI

£449,964

Percent Leased

74%

Tenancy

Multiple

Number of Floors

Typical Floor Size

2,778 SF

Slab to Slab

12 ft

Building FAR

1.16

Land Acres

0.22 AC

Zoning

WPORTL - West Portal Avenue Neighborhood Commercial

Parking

17 Spaces (1.53 Spaces per 1,000 SF Leased)

Amenities

24 Hour Access
Public Transport

Signage

Lift Access

Wi-Fi

Space Availability

3rd Fl-Ste 320
578 SF
Office/Medical
Full Build-Out
Now

Attractive, light-filled office or medical office space for lease. Windows facing the rear of the property. Divided into 4 individual offices. Elevator access. This is an outstanding opportunity to lease space in one of the most affluent commercial corridors in San Francisco. This is a well maintained building with on-site parking at the rear of the building. Great transportation links to San Francisco & Peninsula, muni stops nearby. The neighborhood's main corridor, West Portal Avenue is primarily tenanted by neighborhood residents who prefer to office close to home.