1865-1869 union · total lot sq ft (public record) 3,436 building systems # of units 4 (2...

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MIXED-USE BUILDING FOR SALE INVESTMENT SALES 1865-1869 Union SAN FRANCISCO | CALIFORNIA

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Page 1: 1865-1869 Union · Total Lot Sq Ft (Public Record) 3,436 BUILDING SYSTEMS # of Units 4 (2 Multi-Family / 2 Commercial) * Additional Unit/ADU Potential Year Built 1900 Gas & Electric

M I X E D - U S E B U I L D I N G F O R S A L E

I N V E S T M E N T S A L E S

1865-1869Union

S A N F R A N C I S C O | C A L I F O R N I A

Page 2: 1865-1869 Union · Total Lot Sq Ft (Public Record) 3,436 BUILDING SYSTEMS # of Units 4 (2 Multi-Family / 2 Commercial) * Additional Unit/ADU Potential Year Built 1900 Gas & Electric

| 1 8 6 5 - 1 8 6 9 U N I O N2

Neither the Seller of the Property nor Maven Commercial, Inc., (”Broker”) or any of their respective officers, em-

ployees or agents, make any representation or warranty, expressed or implied, as to the accuracy or complete-

ness of this confidential information and no legal liability is assumed or shall be implied with respect thereto.

Maven Commercial, Inc., has not made any investigation, and makes no warranty or representation, with respect

to the income or expenses for the subject property, the future projected financial performance of the property,

the size and square footage of the property and improvements, the presence or absence of contaminating sub-

stances, PCB’s or asbestos, the compliance with State and/or Federal regulations, the physical condition of the

improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or

intentions to continue its occupancy of the subject property. Information provided has been or will be gathered

from sources that are deemed reliable; however, neither Seller nor the Broker warrants or represents that the

information is true or correct.

Recipients are advised to verify information independently and hire all applicable professionals and experts to

assess the Property’s physical and financial condition. Seller and/or the Brokers reserve(s) the right to change

the Property’s purchase price, or any information provided, or to withdraw the Property from the market at any

time without notice. Recipients agree that the information provided by Seller and/or Broker is confidential and,

as such, agrees to hold and treat such information in the strictest of confidence.

Disclosure

DRE #01878802

Page 3: 1865-1869 Union · Total Lot Sq Ft (Public Record) 3,436 BUILDING SYSTEMS # of Units 4 (2 Multi-Family / 2 Commercial) * Additional Unit/ADU Potential Year Built 1900 Gas & Electric

M A V E N | 3

PROPERTY OVERVIEW

Maven Commercial, Inc is pleased to present

the opportunity to purchase 1865-1869 Union

Street, a mixed-use property with two build-

ings on one parcel in San Francisco’s highly

desirable Cow Hollow. The front building,

with Union Street frontage consist of a retail

storefront on the ground floor and a com-

mercial office on the second. While the back

building consist of two 2x2 apartments and

one commercial/storage unit on the ground

floor which is occupied by the retail tenant.

While this property is currently 100% leased,

this extremely well located property is ideal

for any investor, but also lends it’s hand to a

potential owner-user as the retail unit will be

delivered vacant at the COE.

Page 4: 1865-1869 Union · Total Lot Sq Ft (Public Record) 3,436 BUILDING SYSTEMS # of Units 4 (2 Multi-Family / 2 Commercial) * Additional Unit/ADU Potential Year Built 1900 Gas & Electric

| 1 8 6 5 - 1 8 6 9 U N I O N4

Expense Categories Current Pro-Forma

Property Taxes (1.1630%) (Est.) $59,255 $59,255

Professional Fees $790 $790

Insurance $4,500 $4,500

Utilities $2,693 $2,693

Repairs & Maintenance $8,240 $8,240

Operating Expenses $75,478 $75,478

PROJECTED ANNUAL OPERATING EXPENSES

Price $5,095,000

Estimated Interior Square Footage 5,300

Price/ Square Foot $961.32

FINANCIAL SUMMARY

FINANCIAL ANALYSIS

GENERAL INFORMATION

Address 1865-1869 Union Street

District Union

Submarket Cow Hollow

Property Subtype Mixed-Use

Total Parking Spaces None

APN 0543-026A

Total Buildings Sq Ft 5,300

Total Lot Sq Ft (Public Record) 3,436

BUILDING SYSTEMS

# of Units4 (2 Multi-Family / 2 Commercial) * Additional Unit/ADU Potential

Year Built 1900

Gas & Electric Separately Metered

Zoning Union Street

Price Current Pro-Forma

CAP Rate 3.88% 5.42%

GRM 19.68 15.24

CAP/GRM ANALYSIS

Page 5: 1865-1869 Union · Total Lot Sq Ft (Public Record) 3,436 BUILDING SYSTEMS # of Units 4 (2 Multi-Family / 2 Commercial) * Additional Unit/ADU Potential Year Built 1900 Gas & Electric

M A V E N | 5

Gross Income Current Pro-Forma

Gross Income $258,874 $334,360

Less Vacancy (3%) - $(10,031)

Gross Operating Income $258,874 $324,329

NNN Pass through $14,217 $27,351

Less Expenses $(75,478) $(75,478)

NOI $197,613 $276,202

ANNUAL GROSS INCOME

Suite No. Current Leases Pro-Forma Monthly Rent

Commercial

Retail Vacant at COE/Market Value $7,800 $9,100

22.3% NNN Share $1,184 $1,184

Office Month-to-Month $4,388 $4,800

20.3% NNN Share $1,078

Multi-Family

Apartment A (2x2) $4,101 $4,500

Apartment B (2x2) $2,598 $4,500

Apartment C (Studio) $1,500 $2,700

Monthly Income $21,573 $27,863

Annual Income $258,874 $334,360

RENT ROLL

FINANCIAL ANALYSIS

Price Current Pro-Forma

CAP Rate 3.88% 5.42%

GRM 19.68 15.24

Page 6: 1865-1869 Union · Total Lot Sq Ft (Public Record) 3,436 BUILDING SYSTEMS # of Units 4 (2 Multi-Family / 2 Commercial) * Additional Unit/ADU Potential Year Built 1900 Gas & Electric

| 1 8 6 5 - 1 8 6 9 U N I O N6

FLOOR PLANS

Level 1 Ground Floor

Level 1 Mezzanine

RETAILSTORAGE

COMMERCIALCOURT YARD

RETAIL

(Additional Unit/ADU Potential)

Page 7: 1865-1869 Union · Total Lot Sq Ft (Public Record) 3,436 BUILDING SYSTEMS # of Units 4 (2 Multi-Family / 2 Commercial) * Additional Unit/ADU Potential Year Built 1900 Gas & Electric

M A V E N | 7

Level 2 Floor

OFFICE UNIT B

Level 3 FloorUNIT A

Page 8: 1865-1869 Union · Total Lot Sq Ft (Public Record) 3,436 BUILDING SYSTEMS # of Units 4 (2 Multi-Family / 2 Commercial) * Additional Unit/ADU Potential Year Built 1900 Gas & Electric

| 1 8 6 5 - 1 8 6 9 U N I O N8

A P A R T M E N T U N I T A & B

K I T C H E N

APARTMENT UNIT A & B

L I V I N G R O O M

Page 9: 1865-1869 Union · Total Lot Sq Ft (Public Record) 3,436 BUILDING SYSTEMS # of Units 4 (2 Multi-Family / 2 Commercial) * Additional Unit/ADU Potential Year Built 1900 Gas & Electric

M A V E N | 9

R E TA I L

O F F I C E

RETAIL & OFFICE

Page 10: 1865-1869 Union · Total Lot Sq Ft (Public Record) 3,436 BUILDING SYSTEMS # of Units 4 (2 Multi-Family / 2 Commercial) * Additional Unit/ADU Potential Year Built 1900 Gas & Electric

| 1 8 6 5 - 1 8 6 9 U N I O N1 0

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Page 11: 1865-1869 Union · Total Lot Sq Ft (Public Record) 3,436 BUILDING SYSTEMS # of Units 4 (2 Multi-Family / 2 Commercial) * Additional Unit/ADU Potential Year Built 1900 Gas & Electric

M A V E N | 1 1

C A P A N N I N A

S O U L C Y C L E L U L U L E M O N

E P I C U R I A N T R A D E R

S E P H O R AV E G A N P I C N I C

R O A M

P A L M H O U S E

NEIGHBORHOOD

S TA R B U C K S

Page 12: 1865-1869 Union · Total Lot Sq Ft (Public Record) 3,436 BUILDING SYSTEMS # of Units 4 (2 Multi-Family / 2 Commercial) * Additional Unit/ADU Potential Year Built 1900 Gas & Electric

PA M E L A M E N D E L S O H Nof f i ce 41 5 .4 04 .6650

pa m@ mavenproper t i e s .com

DRE #00953 050

NOTICE: This information has been secured from sources we believe to be reliable but we make no representations, warranties, express or implied, as to the accuracy of the in-

formation. Listing broker has been given enough information to provide only a preliminary interest in the property. The materials are not to be considered fact. The information

contained herein is not a substitute for thorough due diligence investigation. References to square footage, zoning, use, or age are approximate. Please contact the San Francisco

Planning Department to verify zoning at (415) 558-6378, as neither broker or landlord represent that this space is suitable for your use. Tenant or Buyer must verify the information

at their own expense and bears all the risk for any inaccuracies. By receiving these materials you are agreeing to the disclaimers set forth herein. DRE#01878802

D O M I N I C M O R B I D E L L Io f f i ce 41 5 . 4 0 4 .73 1 4

d o m @ m ave n p ro p e r t i e s .co m

D R E # 02 024 3 4 8

I N V E S T M E N T S A L E S

1865-1869Union

S A N F R A N C I S C O | C A L I F O R N I A