736-738 Grant Ave
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736-738 Grant Ave
7,072 SF 100% Leased Retail Building San Francisco, CA 94108 £2,274,789 (£322/SF) 3.41% Net Initial Yield
Investment Highlights
- Well maintained
- Rarely available
- Fantastic location
Executive Summary
In the heart of historic Chinatown, this unique, rarely available and well maintained, turn-key investment property has substantial upside. Retail tenant with mezzanine just started a 5-year lease with annual escalations; the middle floor is vacant; and the top floor is on a month-to-month lease. Great for owner user or pure investment.
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | £113,369 | £16.03 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | £113,369 | £16.03 |
Taxes | £27,201 | £3.85 |
Operating Expenses | £8,660 | £1.22 |
Total Expenses | £35,861 | £5.07 |
Net Operating Income | £77,508 | £10.96 |
Financial Summary (Pro forma - 2023)
Gross Rental Income | |
---|---|
Annual | £113,369 |
Annual Per SF | £16.03 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | £113,369 |
Annual Per SF | £16.03 |
Taxes | |
---|---|
Annual | £27,201 |
Annual Per SF | £3.85 |
Operating Expenses | |
---|---|
Annual | £8,660 |
Annual Per SF | £1.22 |
Total Expenses | |
---|---|
Annual | £35,861 |
Annual Per SF | £5.07 |
Net Operating Income | |
---|---|
Annual | £77,508 |
Annual Per SF | £10.96 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,072 SF
Building Class
C
Year Built
1907
Price
£2,274,789
Price Per SF
£322
Net Initial Yield
3.41%
NOI
£77,508
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
2.03
Land Acres
0.08 AC
Zoning
C3 - Commercial development
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Hello Chinatown
- Accommodation and Food Services
- -
- -
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
Hello Chinatown | Accommodation and Food Services | - | - | - |
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 0226-039 | Total Assessment | £2,227,580 |
Land Assessment | £1,339,435 | Annual Taxes | £27,201 (£3.85/sf) |
Improvements Assessment | £888,145 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0226-039
Land Assessment
£1,339,435
Improvements Assessment
£888,145
Total Assessment
£2,227,580
Annual Taxes
£27,201 (£3.85/sf)
Tax Year
2023
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736-738 Grant Ave
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