201-205 Ninth Street :: SoMa

201-205 Ninth Street :: SoMa

33 Unit SRO With Fully Leased Iconic Restaurant
201-205 Ninth Street
Offering Details:

Price: $7,695,000
Building Size: 11,180 SF
Projected NOI: $441,524
Cap Rate: 5.74%
Property Summary:

Fully leased, 33 Room SRO, with recent updates and renovations, many rooms with city & downtown views plus the Iconic ASIA SF, a two-level restaurant/entertainment venue. Perfectly situated at the corner of 9th Street and Howard St, in the heart of SOMA, the birthplace of start-up culture, industrial arts and technology innovation. The bustling streets of SoMa are home to many global headquarters, world-renowned museums, theatres, and popular restaurants and bars. Close proximity to BART and public transportation.

100% leased. This is a unique opportunity for investors to acquire an asset with low management, a 5.74% In-Place cap rate, in a prime San Francisco location.

To request a Showing, Offering Memorandum or Disclosures, contact Louis via email, louis@urbangroupsf.com. Pre-escrow open with Michelle Pineda/Old Republic Title.

Highlights:

Ideal SoMa Location
Low Management
33 Unit SRO
Long-Term, Iconic, Restaurant Tenant
Recent Updates and Renovations
Many Rooms With Downtown Views
5.74% CAP Rate

LOUIS CORNEJO
office: 415.863.1775
direct: 415.786.3662
email: louis@urbangroupsf.com
BRE 01518102

The information contained herein has been secured from sources believed to be reliable. It is not guaranteed, however, and should be verified prior to consummating any transaction.