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2305 Van Ness Ave
San Francisco, CA 94109
Office Property For Sale
Investment Highlights
- Stable Cash Flow: 100% occupied by creditworthy healthcare tenants with long-term tenancy (e.g., Dr. Bruce Hiura in place since 2016).
- Market Outperformance: 0% vacancy vs. 27.2% peer average, positioning the property as a standout asset in a recovering office market.
- Favorable Market Trends: San Francisco’s office leasing activity surged in 2024, due by AI sector expansion, signaling long-term demand stabilization.
- Value-Add Potential: Two vacant units (Units A and C) offer immediate leasing upside in a submarket where peers average $39.22/SF rents.
- Prime Positioning: High Walk/Transit Scores and proximity to tech hubs like South Financial District, attracting hybrid workforce-friendly tenants.
- Competitive Pricing: Recent sales of other Class C office assets in the area avg. $502/SF, with cap rates of 8.8%, offering attractive entry metrics.
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
5,565 SF
Building Class
C
Year Built
1956
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,782 SF
Slab To Slab
11’
Building FAR
1.60
Lot Size
0.08 AC
Zoning
RC3, San Francisco - Residential, Commercial, Medium Density
Amenities
- 24 Hour Access
- Bus Line
- Courtyard
- Storage Space
Property Taxes
| Parcel Number | 0551-004A | Improvements Assessment | $322,631 |
| Land Assessment | $1,290,759 | Total Assessment | $1,613,390 |
Property Taxes
Parcel Number
0551-004A
Land Assessment
$1,290,759
Improvements Assessment
$322,631
Total Assessment
$1,613,390
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