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575 10th St

4,800 SF Industrial Building San Francisco, CA 94103 $4,990,425 CAD ($1,040 CAD/SF) 6.14% Cap Rate

INVESTMENT HIGHLIGHTS

  • Prime Location, Secure Parking, Warehouse and Office Space

EXECUTIVE SUMMARY

Amazing opportunity where seller financing is an option as well as a rate buy down. Fantastic opportunity with amazing Commerical properties ready to go and ready for build out. Gated parking lot included which is a rare commodity. Spot is Prime 10th Street Design District 2-Story Building with adjacent Parking Lot, Office and Warehouse space, 200 Amps, Security Fence, close to Costco. Parking lot has approximately 10 Parking Spaces and Warehouse area has clearance of 16'-22'. Aluminum 18 gauge Security Fence made to offer privacy. PDR-1-G Zoning, 6,695SF lot including an approximate 4,800SF 2-story building. Building is currently designated as a C'. The SF Planning Department has undergone an informal review and determined the building has no significant historical value. Razing the building is a possibility and per SF Planning Department no set-backs are required for a new project, that could be about 20,000 square foot building. Buyer to confirm. Zoning approved for cannabis with possible retail (to be approved by SF Planning dept), but currently a PDR space - Buyer to confirm.

FINANCIAL SUMMARY (PRO FORMA - 2022)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $383,265 $79.85
Other Income - -
Vacancy Loss - -
Effective Gross Income $383,265 $79.85
Taxes $60,753 $12.66
Operating Expenses $17,358 $3.62
Total Expenses $78,111 $16.27
Net Operating Income $305,154 $63.57

FINANCIAL SUMMARY (PRO FORMA - 2022)

Gross Rental Income (CAD)
Annual $383,265
Annual Per SF $79.85
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $383,265
Annual Per SF $79.85
Taxes (CAD)
Annual $60,753
Annual Per SF $12.66
Operating Expenses (CAD)
Annual $17,358
Annual Per SF $3.62
Total Expenses (CAD)
Annual $78,111
Annual Per SF $16.27
Net Operating Income (CAD)
Annual $305,154
Annual Per SF $63.57

PROPERTY FACTS

Price $4,990,425 CAD
Price Per SF $1,040 CAD
Sale Type Investment or Owner User
Cap Rate 6.14%
Sale Condition Bulk/Portfolio Sale
Property Type Industrial
Property Subtype
Warehouse
  • Showroom
Building Class C
Lot Size 0.15 AC
Rentable Building Area 4,800 SF
No. Stories 2
Year Built 1938
Tenancy Single
Parking Ratio 2.08/1,000 SF
Clear Ceiling Height 20’

AMENITIES

  • Bus Line
  • Fenced Lot
  • Mezzanine
  • Security System

UTILITIES

  • Gas - Natural
  • Water - City
  • Sewer - City
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (94)
Bike Score®
Biker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3526-018
Land Assessment
$3,654,730 CAD (2023)
Improvements Assessment
$1,566,312 CAD (2023)
Total Assessment
$5,221,042 CAD (2023)
Annual Taxes
$60,753 CAD ($12.66 CAD/SF)
Tax Year
2022

ZONING

Zoning Code PDR-1-G
PDR-1-G
  • Listing ID: 19523789

  • Date on Market: 2020-05-12

  • Last Updated:

  • Address: 575 10th St, San Francisco, CA 94103

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