736-738 Grant Ave
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736-738 Grant Ave
7,072 SF 100% Leased Retail Building San Francisco, CA 94108 $2,900,000 ($410/SF) 3.41% Cap Rate
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 |
$144,528
|
$20.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$144,528
|
$20.44
|
| Taxes |
$34,677
|
$4.90
|
| Operating Expenses |
$11,040
|
$1.56
|
| Total Expenses |
$45,717
|
$6.46
|
| Net Operating Income |
$98,811
|
$13.97
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $144,528 |
| Annual Per SF | $20.44 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $144,528 |
| Annual Per SF | $20.44 |
| Taxes | |
|---|---|
| Annual | $34,677 |
| Annual Per SF | $4.90 |
| Operating Expenses | |
|---|---|
| Annual | $11,040 |
| Annual Per SF | $1.56 |
| Total Expenses | |
|---|---|
| Annual | $45,717 |
| Annual Per SF | $6.46 |
| Net Operating Income | |
|---|---|
| Annual | $98,811 |
| Annual Per SF | $13.97 |
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
$2,900,000
Price Per SF
$410
Cap Rate
3.41%
NOI
$98,811
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.03
Lot Size
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 | $2,839,816 |
| Land Assessment | $1,707,570 | Annual Taxes | $34,677 ($4.90/SF) |
| Improvements Assessment | $1,132,246 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0226-039
Land Assessment
$1,707,570
Improvements Assessment
$1,132,246
Total Assessment
$2,839,816
Annual Taxes
$34,677 ($4.90/SF)
Tax Year
2023
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736-738 Grant Ave
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