DAVITA DIALYSIS | INFILL SAN FRANCISCO 2761 16th St 12,046 SF Retail Building San Francisco, CA 94103 $13,861,067 CAD ($1,150.68 CAD/SF) 7.16% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term 12+ Year Corporate Backed Lease Featuring a 10% Rental Increase in 2028 and 2033, and FMV at Each Option w/ Annual 2% Increases.
- DaVita is a leading provider of dialysis treatment, ranking as one of the largest in the world.
- Extremely Dense San Francisco Submarket with over 792k People Residing within a 5-Mile Radius. Affluent Area.
- High Quality Condominium Investment. Complete Renovation in 2022 w/ All New Systems, New Roof, and Full Seismic and Structural Retrofit.
- Within the Mission District of San Francisco - a Central & Dynamic Neighborhood Renowned for its Cultural Richness and Strong Connection to the City.
EXECUTIVE SUMMARY
12+ Year Term | Mission District: Vibrant, Cultural, Tech Hub | Life-Sustaining Kidney Healthcare | Infill San Francisco: 792k+ People w/in 5-Mile Radius | Affluent Area: $162k+ Avg. HHI | Complete 2022 Renovation | Highly Walkable, Bike-Friendly w/ Transit Access | Minutes from Top Hospitals | Near UCSF Mission Bay
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,046 SF
Building Class
A
Year Built/Renovated
1929/2022
Price
$13,861,067 CAD
Price Per SF
$1,150.68 CAD
Cap Rate
7.16%
NOI
$992,300 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.28 AC
Zoning
M1, San Francisco
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- DaVita Kidney Dialysis Center
- Retailer
- 12,046 SF
- -
- Double Net
- Sep 2037
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| DaVita Kidney Dialysis Center | Retailer | 12,046 SF | - | Double Net | Sep 2037 |
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (92)
Bike Score®
Biker's Paradise (100)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3572-020A | Improvements Assessment | $10,644,581 CAD |
| Land Assessment | $10,457,260 CAD | Total Assessment | $21,101,841 CAD |
CONTACTS
-
Alvin Mansour -
Jon Talia -
Phil Sambazis -
Marisa Kelly Jung -
The Mansour Group of Marcus & Millichap
