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Mixed-Use

668 Clay + 659 Merchant

668 Clay St, San Francisco, CA 94111

Listing Price: $14,356,000

Cap Rate
6.30%
Number of Units
106
Occupancy
85.0%
Price/Unit
$135,434
Price/Gross SF
$676.15
Gross SF
21,232

Investment Overview

668 Clay Street + 659A Merchant consists of two buildings of approximately 21,232 square feet on two lots comprising 8,748 square feet lot. The buildings feature 5 commercial units and 106 single room occupancy (SRO) residential units. The General Consulate of Guatemala occupies 34% of the total commercial rentable area on long-term leases generating reliable annual income. A majority of the SRO units have been refurbished and building seismic retrofit are complete.

The Properties may be acquired as a portfolio: 700 Kearny may be acquired separately. 668 Clay and 659 Merchant are combined and may also be acquired separate from 700 Kearny.

Investment Highlights

  • RELIABLE INCOME – 34% LEASED TO CREDIT TENANT
  • HUGE UPSIDE UPON UNIT LEASE-UP
  • PRICED BELOW REPLACEMENT COST $120K/UNIT

Exclusively Listed By

Financing By

Mixed-Use

668 Clay + 659 Merchant

Listing Price: $14,356,000

Cap Rate
6.30%
Number of Units
106
Occupancy
85.0%
Price/Unit
$135,434
Price/Gross SF
$676.15
Gross SF
21,232

Investment Highlights

  • RELIABLE INCOME – 34% LEASED TO CREDIT TENANT
  • HUGE UPSIDE UPON UNIT LEASE-UP
  • PRICED BELOW REPLACEMENT COST $120K/UNIT

Investment Overview

668 Clay Street + 659A Merchant consists of two buildings of approximately 21,232 square feet on two lots comprising 8,748 square feet lot. The buildings feature 5 commercial units and 106 single room occupancy (SRO) residential units. The General Consulate of Guatemala occupies 34% of the total commercial rentable area on long-term leases generating reliable annual income. A majority of the SRO units have been refurbished and building seismic retrofit are complete. The Properties may be acquired as a portfolio: 700 Kearny may be acquired separately. 668 Clay and 659 Merchant are combined and may also be acquired separate from 700 Kearny.

Exclusively Listed By

Financing By

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