219-221 7th St
San Francisco, CA 94103
Gina Hotel · Hospitality Property For Sale · 6,000 SF

**RECENT PRICE REDUCTION** The SRO is currently master leased, so the Gina Hotel would be Ideal for the passive investor. This investment offers the flexibility, convenience, and reliability of a Double Net (NN) lease in one of the world' s most sought after commercial real estate markets. For an investor who is not looking to manage and oversee building operations, the new owner will be able to continue leasing the Hotel, receiving the steady income from this NN leased investment (at a market rent of $20,000/month). In addition, there is also rent coming in from the street level commercial tenant, totaling an additional $2,870/month. The office space(s) at the rear of the building, plus the basement, is currently included with the SRO lease, but may also be leased separately in the future. Between these two tenants (SRO @ $20,000 + Hair Salon Tenant @ $2,870), the building is currently generating $22,870/ month in rents or $274,440/year in total revenues. There is also a billboard on the building that produces approximately $300/month income or $3,600/year, but the rent and terms of this lease will need to be negotiated with current billboard tenant. This is a rare opportunity to purchase a property in one of the strongest commercial real estate markets in the world and specifically in a neighborhood that has been experiencing rapid growth in rents and real estate values. SOMA is one of the most sought after Sub-Markets within the City of San Francisco, and this class of asset rarely becomes available in this area.