1035 Van Ness Ave - The Avenue
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1035 Van Ness Ave - The Avenue
90,513 SF Health Care Building Offered For Sale in San Francisco, CA 94109
Investment Highlights
- Impeccably maintained assisted living facility primed for transformation into affordable or student housing.
- Offering 106 units boasting private bathrooms and kitchenettes, with plans in place to partition larger units for a potential total of 124 units.
- Ample on-site parking secured for up to 32 vehicles along with a dedicated transportation shuttle service.
- A rare chance to penetrate a market and industry with formidable entry barriers and expansive growth prospects.
- Noteworthy Building Features: Fifth-floor balcony, an outdoor garden patio, a fully equipped commercial kitchen and spacious dining areas.
- Strategically positioned in a transit-friendly locale with multiple MUNI stops facilitating public transportation access throughout San Francisco.
Executive Summary
Avison Young and Bridge Real Estate Advisors are pleased to offer qualified investors the opportunity to acquire an established senior assisted living facility located on San Francisco’s burgeoning and revitalized Van Ness corridor. The $350 million 8-year Van Ness Improvement Project brings a much-needed overhaul to one of the city’s most-trafficked thoroughfares. In addition to providing new utility infrastructure, civic improvements and safer pedestrian transit stops, the project also boasts the city’s first rapid-transit system, making this an ideal location for commuters.
Neighboring Sutter Health’s $2.5 billion state-of-the-art hospital in conjunction with the new 496,000 square foot medical office facility at 1100 Van Ness Avenue have furthered the area’s transformation into San Francisco’s preeminent healthcare hub. Both projects have attracted numerous healthcare providers and hundreds of employees to the neighborhood, helping the local business community grow and prosper.
San Francisco’s supply constrained geography and prohibitive construction costs coupled with an aging population demographic presents a rare opportunity to enter a market and industry with high barriers to entry and tremendous growth potential.
Neighboring Sutter Health’s $2.5 billion state-of-the-art hospital in conjunction with the new 496,000 square foot medical office facility at 1100 Van Ness Avenue have furthered the area’s transformation into San Francisco’s preeminent healthcare hub. Both projects have attracted numerous healthcare providers and hundreds of employees to the neighborhood, helping the local business community grow and prosper.
San Francisco’s supply constrained geography and prohibitive construction costs coupled with an aging population demographic presents a rare opportunity to enter a market and industry with high barriers to entry and tremendous growth potential.
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Property Facts
Sale Type | Investment or Owner User | Building Size | 90,513 SF |
Sale Conditions | High Vacancy Property | No. Beds | 145 |
Property Type | Health Care | No. Stories | 9 |
Property Subtype | Assisted Living | Year Built | 2004 |
Building Class | B | Parking Ratio | 0.35/1,000 SF |
Lot Size | 0.28 AC |
Sale Type | Investment or Owner User |
Sale Conditions | High Vacancy Property |
Property Type | Health Care |
Property Subtype | Assisted Living |
Building Class | B |
Lot Size | 0.28 AC |
Building Size | 90,513 SF |
No. Beds | 145 |
No. Stories | 9 |
Year Built | 2004 |
Parking Ratio | 0.35/1,000 SF |
Room Mix Information
Description | No. Beds |
---|---|
- | 0 |
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (85)
PROPERTY TAXES
Parcel Number | 0714-028 | Improvements Assessment | $18,790,582 |
Land Assessment | $2,875,377 | Total Assessment | $21,665,959 |
PROPERTY TAXES
Parcel Number
0714-028
Land Assessment
$2,875,377
Improvements Assessment
$18,790,582
Total Assessment
$21,665,959
zoning
Zoning Code | RC-4 (Residential District) |
RC-4 (Residential District) |
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1035 Van Ness Ave - The Avenue
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