Sale Details

Sale Status:    Sold
Sale Date:    03/24/2016
Sale Price:    $4,100,000 ($660.54/SF)
Cap Rate:    3.71% (At Time Of Listing)
Listing Price:    $4,100,000

Property Information

Property Type:    Retail
Property Subtype:    Street Retail
Market:    San Francisco
Submarket:    Marina
Building Size:    6,207 SF
Lot Size:    0.08 Acres

Property Description

A unique Retail/Office building located on the north side of Union Street. Consisting of two buildings with bay views from the top floor. The front building is occupied by 1 retail street level tenant with the upper floors being utilized as single room office space. The building was originally built for residential use. In the city’s strong apartment rental and TIC market the potential of conversion back to residential may be attractive to the investor. The rear building is a single story concrete structure occupied by one retail tenant. The property has excellent visibility and foot traffic.

Parties to Transaction

Seller:     DOBBS LELAND G
Broker:     Steven Caravelli
1560 Van Ness Avenue 2Nd Floor, San Francisco, CA 94109
View Phone Number
Buyer:     , BRACHT FAMILY TRUST
Po Box 471744, San Francisco, CA 94147