Offer Price:

$3,200,000

Net Operating Income:

$225,555

Cap Rate:

7.05%

Leased:

100%

Type:

SRO/Retail

Status:

Available



Investment Highlights

  • Four Story Mixed-Use Building (Retail and SRO) 11,470 SF
  • Ground floor Retail (2,200 SF) on NNN Lease (Double Black)
  • Total of 41 SRO Units on 2nd, 3rd, 4th floors
  • Strong in place Cap Rate of 7.05% with rental rate upside
  • Ownership – Leasehold Interest (Ground Lease)
  • Significant tax benefits to Buyer via the TCAC tax credits
  • Situated in the absolute heart of the Gaslamp Quarter, on 5th + Market

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