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345 W Portal Ave 11,113 SF 74% Leased Office Building San Francisco, CA 94127 $11,144,858 CAD ($1,002.87 CAD/SF) 7.76% Cap Rate

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EXECUTIVE SUMMARY

This is an outstanding opportunity to purchase an attractive, multi-tenanted medical office building in the affluent West Portal neighborhood in San Francisco. West Portal serves as the principal shopping district in southwestern San Francisco. This is a well maintained, pride of ownership building. It is a light-filled, multi-tenanted, medical and office building in excellent condition. It has a 4.67% in-place cap. rate and will have a 7.76% proforma cap. rate when stabilized. 77.65% occupancy with 4th floor vacant. 17 surface parking spaces at the rear of the building. Elevator served. Great transportation links to San Francisco & Peninsula, muni stops nearby. This is the largest, most prominent medical office building in the West Portal area. There is also approved plans build an additional 7,000 SF over the top of the parking lot to the rear of the property.

Offering Memorandum 345 W Portal Ave

PROPERTY FACTS

Sale Type

Investment

Property Type

Office

Property Subtype

Medical

Building Size

11,113 SF

Building Class

Year Built

1966

Price

$11,144,858 CAD

Price Per SF

$1,002.87 CAD

Cap Rate

7.76%

NOI

$864,841 CAD

Percent Leased

74%

Tenancy

Multiple

Building Height

4 Stories

Typical Floor Size

2,778 SF

Slab To Slab

12’

Building FAR

1.16

Lot Size

0.22 AC

Zoning

WPORTL - West Portal Avenue Neighborhood Commercial

Parking

17 Spaces (1.53 Spaces per 1,000 SF Leased)

24 Hour Access
Metro/Subway

Signage

Direct Elevator Exposure

Wi-Fi

SPACE AVAILABILITY

SPACE
SIZE
SPACE USE
CONDITION
AVAILABLE

3rd Fl-Ste 320
578 SF
Office/Medical
Full Build-Out
Now

Attractive, light-filled office or medical office space for lease. Windows facing the rear of the property. Divided into 4 individual offices. Elevator access. This is an outstanding opportunity to lease space in one of the most affluent commercial corridors in San Francisco. This is a well maintained building with on-site parking at the rear of the building. Great transportation links to San Francisco & Peninsula, muni stops nearby. The neighborhood's main corridor, West Portal Avenue is primarily tenanted by neighborhood residents who prefer to office close to home.