Sale Details

Sale Status:    Sold
Sale Date:    07/27/2016
Sale Price:    $4,595,000 ($1,222.40/SF)
Cap Rate:    4.32% (At Time Of Sale)
Listing Price:    $4,595,000
Estimated days on LoopNet Marketplace: 268

Property Information

Property Type:    Retail
Property Subtype:    Street Retail
Building Size:    3,759 SF
Lot Size:    3,759 SF

Property Description

Marcus & Millichap is pleased to offer a premier Retail investment located at 1720- 1790 Fulton Street, San Francisco, CA. The subject property presents an extremely attractive opportunity to acquire five high-quality retail condominiums in the heart of San Francisco. The five individual street-level condominiums are occupied by three tenants. Chase Bank, occupying two condominiums, leases 50% of the square footage. Glow Spa also occupies two units, with Great clips leasing the final condominium. This 3,759 square foot investment, constructed in 2004, is located on the corner of Fulton Street and Masonic Ave. The mixed-use development is comprised of a total of 98,000 square feet, including 381 underground parking spaces, approximately 56,300 square feet of retail space and 135 residential units. This offering includ es all five of the smaller retails spaces anchored by a 52,200 square foot Lucky’ s Supermarket. The Fulton Street shops present a rare opportunity to acquire a truly unique retail investment in one of the City’ s most inviting retail environments.

Parties to Transaction

Broker:     erich reichenbach
750 Battery Street, San Francisco, CA 94111