PROPERTY DESCRIPTION

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