2000-2040 Ocean Avenue, San Francisco, CA 94127; Neighborhood Center For Sale; D-3 in San Francisco County

2000-2040 Ocean Avenue, San Francisco, CA 94127; Neighborhood Center For Sale; D-3 in San Francisco County


2000-2040 Ocean Avenue, San Francisco, CA 94127; Neighborhood Center For Sale; D-3 in San Francisco County

2

2000-2040 Ocean Avenue, San Francisco, CA 94127

Lakewood Plaza: Ocean Ave Redevelopment Opp

Retail Property For Sale

Price:
$6,650,000
Gross Leasable Area:
11,365 SF
Price/SF:
$585.13
Property Type:
Retail
Property Sub-type:
Neighborhood Center
Property Use Type:
Investment
Commission Split:
1.5%
Cap Rate:
3.02%
Occupancy:
100%
Tenancy:
Multiple
Lot Size:
0.38 AC
APN / Parcel ID:
3279012 & 012A
Listing ID
18706140

Description

~~~ ATTENTION DEVELOPERS: Two Prime Corner Lots !!! ~~~

~~~ Location! Location! Location! ~~~

~~~ Short Blocks to Whole Foods Market, 19th Ave & St Francis Wood ~~~

Per San Francisco Planning Department Report
* Ocean Avenue Neighborhood Commercial Transit District (NCT)
* 2 Lots: approximate 165′ x 100′
* Height & Bulk Districts: 45-X
(Buyer to conduct independent due diligence)

* All Commercial Leases with 1 year or less left
* All Tenants are Eager to Renew Leases
* Current Rent: $18,815/month; $225,780/year
* Commercial Tenants Pay: CAM, Property Tax, Insurance, Repairs, Management Fee, Utilities
* Brand New Roof
* New Exterior Paint
* Major Repairs on Parking Lot
* First Time on Market in 25+ Years

^^^PLEASE CONTACT AGENT RE OFFER INSTRUCTIONS^^^

*** BE ABSOLUTELY DISCREET *** DO NOT TALK TO TENANTS ***