201-205 Ninth Street | SOMA
33-Unit SRO With Fully Leased Iconic Restaurant
201-205 Ninth Street
- Price: $7,695,000
- Building Size: 11,180 SF
- Projected NOI: $441,524
- Cap Rate: 5.74%
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, firstname.lastname@example.org. Pre-escrow open with Michelle Pineda/Old Republic Title.
- 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