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44 Gough St 36,041 SF 80% Leased Office Building San Francisco, CA 94103 $13,261,240 CAD ($367.95 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Value Add: Capitalize on San Francisco’s surging AI tech demand by strategically renovating and repositioning large blocks of space.
- Development: Near-term lease expirations and landlord termination options provide an ideal opportunity to generate income while pursuing entitlements.
- Striking Presence: Own an entire city block with an impressive 125 feet of frontage along Gough Street, offering unparalleled visibility and identity.
- Owner-User: An ideal opportunity for owner-users to occupy existing vacant space and strategically expand into the entire building over time.
- On-Site Parking: Benefit from 33 gated and secured parking stalls, a rare and highly attractive amenity for tenants and source of passive income.
- Prime Location: Located on the periphery of San Francisco’s amenity-rich Hayes Valley, the property is a short walk to numerous restaurants and shops.
EXECUTIVE SUMMARY
44 Gough Street offers investors an ideal value-add opportunity to acquire fee
simple interest in a 36,041 sq. ft. office building with secure on-site parking.
Comprised of three parcels totaling 0.59 acres, the property encompasses an entire
block bordering on San Francisco’s amenity-rich Hayes Valley, offering an attractive
location for tenants as well as a prime location for future redevelopment.
With the current occupancy at 81% and climbing, investors can immediately benefit
from San Francisco’s surging A.I. tech office demand. The short-term leases and
landlord termination options provide the agility to either optimize cash flow through
strategic renovations or pursue redevelopment under the flexible NCT-3 zoning.
The NCT-3 zoning allows for a multitude of commercial and residential uses
including: multifamily, residential care, student housing, medical office, retail sales,
religious institutions and schools, offering a diverse range of avenues for maximizing
value.
simple interest in a 36,041 sq. ft. office building with secure on-site parking.
Comprised of three parcels totaling 0.59 acres, the property encompasses an entire
block bordering on San Francisco’s amenity-rich Hayes Valley, offering an attractive
location for tenants as well as a prime location for future redevelopment.
With the current occupancy at 81% and climbing, investors can immediately benefit
from San Francisco’s surging A.I. tech office demand. The short-term leases and
landlord termination options provide the agility to either optimize cash flow through
strategic renovations or pursue redevelopment under the flexible NCT-3 zoning.
The NCT-3 zoning allows for a multitude of commercial and residential uses
including: multifamily, residential care, student housing, medical office, retail sales,
religious institutions and schools, offering a diverse range of avenues for maximizing
value.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
36,041 SF
Building Class
B
Year Built
1981
Price
$13,261,240 CAD
Price Per SF
$367.95 CAD
Cap Rate
7%
NOI
$928,287 CAD
Percent Leased
80%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
12,014 SF
Slab To Slab
9’
Building FAR
1.40
Lot Size
0.59 AC
Zoning
NCT-3 - NCT-3 Districts are walkable and transit-oriented moderate to high-density mixed-use neighborhoods of varying scale concentrated near transit services
Parking
33 Spaces (0.92 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Fenced Lot
- Skylights
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
For over 50 years, Huckleberry Youth Programs has partnered with Bay Area teens and families to overcome adversity. Huckleberry strengthens families and empowers young people with services that promote safety in times of crisis, physical and emotional health and well-being, social justice in communities facing inequity, and educational success.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 3504-047 | Improvements Assessment | $2,994,824 CAD |
| Land Assessment | $4,492,246 CAD | Total Assessment | $7,487,070 CAD |
PROPERTY TAXES
Parcel Number
3504-047
Land Assessment
$4,492,246 CAD
Improvements Assessment
$2,994,824 CAD
Total Assessment
$7,487,070 CAD
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44 Gough St
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