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2412-2414 Lombard St 3,513 SF 100% Leased Retail Building San Francisco, CA 94123 $3,350,000 ($953.60/SF) 9.20% Cap Rate
EXECUTIVE SUMMARY
Fully leased, Marina District mixed-use investment opportunity. The 2000+ square foot ground floor retail/commercial space is leased to an industry leading cannabis dispensary, The Apothecarium SF. Fully remodeled and updated with high quality finishes. With multiple years remaining on a NNN lease and additional extensions in place this is a very stable tenant/investment. Yearly base rent increases plus a minimum percentage rent kicker help this property achieve above market rents and CAP rate. Accessed by private entrance off of Lombard, the second floor is comprised of a 1464 square foot, 3 bedroom / 2 bath apartment with stable tenants. Own a piece of San Francisco in a premier location.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,513 SF
Building Class
B
Year Built
1915
Price
$3,350,000
Price Per SF
$953.60
Cap Rate
9.20%
NOI
$308,200
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.34
Lot Size
0.06 AC
Zoning
NC3 F2
Frontage
32’ on Lombard St
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (98)
Bike Score®
Very Bikeable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0936-009 | Improvements Assessment | $772,286 |
| Land Assessment | $1,802,013 | Total Assessment | $2,574,299 |
PROPERTY TAXES
Parcel Number
0936-009
Land Assessment
$1,802,013
Improvements Assessment
$772,286
Total Assessment
$2,574,299
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2412-2414 Lombard St
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