PROPERTY DESCRIPTION

243-255 West Portal Ave | West Portal

IN CONTRACT

243-255 West Portal Ave

Price: $2,595,000

Size: +/- 4,471 square feet

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  • Ideal West Portal Location
  • Great value at $580 psf
  • Projected 6.0% Cap Rate
  • Unbeatable Retail Location

Freestanding 2-unit retail building, approximately 4,471 square feet plus approximately 970square feetmezzanine/storage space. Centrally located in San Francisco’s vibrant West Portalneighborhood this building shows pride of ownership.Comprised of two units, 243 and 255 West Portal. 243 West Portal is currently leased to OrexiGreek Restaurant, a verysuccessful, top-rated business. Orexi renewed their lease on 12/1/2020for 10 years plus one 5-year option. Orexi’s lease is on a Net basis, tenant pays 1/3 of realproperty taxes and building insurance. 255 West Portal is a beautiful, well maintained retailspace with high ceilings and will be delivered vacant. The unit has an HVAC, 2 restrooms,exposed ceiling beams and mostly open space, ideal for many types of uses. Ideal for an owner-user or investor looking to re-tenant. Great zoning allows for many options.243-255 West Portal Avenue presents a savvy investor with a fantasticopportunity to purchase aprime retail building in a key San Francisco neighborhood with great upside potential

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