Mixed-Use
668 Clay + 659 Merchant
668 Clay St, San Francisco, CA 94111
Listing Price: $14,356,000
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.
Listing Price: $14,356,000
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.
