2505 Mariposa St
San Francisco, CA 94110
Flex Property For Sale

Newmark, as exclusive advisor, is pleased to extend to qualified investors the opportunity to acquire the 100% fee-simple interest in 2505 Mariposa Street (the “Property”) – a 13,845 square foot R&D/office building in San Francisco’s Mission District. The fully leased renovated Property features two floors of functional high-ceiling creative space, each with a mezzanine, served by a refreshed freight elevator. 2505 Mariposa can accomodate a variety of uses with an open ground floor with over-sized drive-in roll-up door and 17’ ceilings (PDR zoning) and a gorgeous second floor that has been legitimized for legal office use, a valuable rarity in this submarket. 2505 Mariposa is 100% leased to Applied Compute Inc., a well-funded AI start-up, on a new 50-month lease providing secure cash flow for years. This leased investment offers investors a robust going-in yield of approximately 8.6%, with annual increases over the length of the lease. The Property was extensively renovated in 2021, allowing investors to acquire a well-located move-in ready property at a compelling basis well below replacement cost. 2505 Mariposa benefits from an excellent Inner Mission District location, surrounded by nearby amenities and well-served by public transportation. It is two blocks from the Potrero Center (Safeway, 24-Fitness, Starbucks, Noah’s, Togo’s, Chase) and a 15-minute walk to the 16th Street BART Station and the dynamic Mission and Valencia Street retail corridors. 2505 also benefits from easy access to Mission Bay (Chase Center, UCSF Campus, OpenAI).