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26329412
26329413

4947 3rd St, San Francisco, CA 94124

RW
CA CA 01815949, NV NV: S.0201770
Marcus & Millichap - San Francisco
BS
CA CA 01239109
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco
$2,725,000
301 days on market
Updated 83 days ago

US BANK (DARK) IN BAYVIEW–HUNTERS POINT, SAN FRANCISCO

Details
Property Type Retail
Sub Type Bank
Square Footage 6,750
Units 1
Cap Rate 9.00%
NOI $246,129
Tenancy Single
Lease Type Absolute NNN
Lease Term 45.1
Lease Expiration 05/31/2029
Remaining Term 3
Rent Bumps Yes
Broker Co-Op Yes
Buildings 1
Lot Size (SqFt) 15,837
Lease Commencement 05/03/1984

OVER $900K+ OF FIXED INCOME UNTIL LEASE EXPIRATION

Marketing description

+ Absolute NNN Corporate Lease in Place

+ Over $900K+ of fixed income until lease expiration

+ Annual 2.5% Rent Increases

+ 18-Car Parking Lot – recently resealed and restriped

+ Incredible Re-Development Opportunity in San Francisco

Investment highlights

+ Corner frontage and prime visibility at the intersection of 3rd Street and Quesada Avenue, a main commercial corridor

+ Adjacent to the T Third Street light rail, with stops at Oakdale/Palou, Marin, and Evans stations within a block or two

+ Nearby bus connections and bike-share facilities

+ Close to Dr. Charles R. Drew Elementary School, Bayview Public Library, and the historic Bayview Opera House

+ Located in Bayview-Hunters Point, a redeveloping area of Southeast San Francisco

+ The broader Third Street corridor stretches from downtown through Mission Bay and Dogpatch, serving as a mix of commercial and transit-oriented development

Listing Contacts

RW
CA CA 01815949, NV NV: S.0201770
Marcus & Millichap - San Francisco
BS
CA CA 01239109
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$246,129.00
$20,510.75/mo

Valuation Metrics

0
DSCR
9.03%
Cap Rate
9.03%
ROI

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Additional Information

Name
Ryan Wilmer
License
CA 01815949
Brokerage Phone
(415) 625-2162
Name
Bill Schofield
License
CA 01239109
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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