2 unit commercial property - loopnet · 2018. 10. 22. · investment overview san francisco, ca...

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Single story multi-tenant building for sale 3,768 SF & 3,105 SF office, medical, & retail use Can be combined or separate Can be converted to restaurant space Located in the historic district of “Japan Center,” comprised of 2 indoor malls, and outdoor Peace Plaza Unique retailers, restaurants & medical tenants Ample underground and street parking Asking $6,250,000 PROPERTY FEATURES San Francisco, CA 1660 GEARY BLVD 1801 Murchison Drive, Suite 100 Burlingame, CA 940108 BRE: #01829091 c: (650) 302.6795 f: (877) 588.2988 [email protected] VISTA INVESTMENT & REALTY SITE For Sale 7,000 SF Office JAPAN CENTER San Francisco 1630 & 2 UNIT COMMERCIAL PROPERTY Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Riki Tang

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Page 1: 2 UNIT COMMERCIAL PROPERTY - LoopNet · 2018. 10. 22. · INVESTMENT OVERVIEW San Francisco, CA 1630 & 1660 GEARY BLVD OFFERING TERMS INVESTMENT SUMMARY This is a rare opportunity

• Single story multi-tenant building for sale• 3,768 SF & 3,105 SF office, medical, & retail use• Can be combined or separate• Can be converted to restaurant space• Located in the historic district of “Japan

Center,” comprised of 2 indoor malls, and outdoor Peace Plaza

• Unique retailers, restaurants & medical tenants• Ample underground and street parking• Asking $6,250,000

PROPERTY FEATURES

San Francisco, CA 1660 GEARY BLVD

1801 Murchison Drive, Suite 100Burlingame, CA 940108

BRE: #01829091

c: (650) 302.6795f: (877) [email protected]

VISTA INVESTMENT & REALTY

SITE

For Sale7,000 SF OfficeJAPAN CENTER

San Francisco

1630 &

2 UNIT COMMERCIAL PROPERTY

Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Riki Tang

Page 2: 2 UNIT COMMERCIAL PROPERTY - LoopNet · 2018. 10. 22. · INVESTMENT OVERVIEW San Francisco, CA 1630 & 1660 GEARY BLVD OFFERING TERMS INVESTMENT SUMMARY This is a rare opportunity

SUBJECT

ALAMO SQUAREPARK

JEFFERSONSQUARE

RAYMONDKIMBELL

PLAYGROUND

OVERVIEWAERIAL &SITEPLAN

JAPAN CENTER

PEACEPLAZA

1 Mile 3 Miles 5 MilesPopulation 125,167 463,601 735,854

Households 68,355 232,498 324,951Avg Household Income $99,091 $114,223 $113,319

Total Employees 66,024 399,852 465,775Total Businesses 9,533 48,043 61,207

San Francisco, CA 1630 & 1660 GEARY BLVD

SITE PLAN & DEMOGRAPHICS

Old R

epublic TitleP

repared On : 09/11/2018

© 2018 C

oreLogic. All rights reserved

1630 Geary Blvd.+/- 3,768 SF1660 Geary Blvd.

+/- 3,105 SF

1801 Murchison Drive, Suite 100 | Burlingame, CA 940108BRE: #01829091

c: (650) 302.6795f: (877) [email protected]

VISTA INVESTMENT & REALTY

Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Riki Tang

Page 3: 2 UNIT COMMERCIAL PROPERTY - LoopNet · 2018. 10. 22. · INVESTMENT OVERVIEW San Francisco, CA 1630 & 1660 GEARY BLVD OFFERING TERMS INVESTMENT SUMMARY This is a rare opportunity

INVESTMENTOVERVIEW

San Francisco, CA 1630 & 1660 GEARY BLVD

OFFERING TERMS

INVESTMENT SUMMARYThis is a rare opportunity for an owner/operator or investor to purchase a property in one of the strongest commercial real estate markets in the world San Francisco. “Nihonjin Machi” 日本人街 or Japanese People’s Town which spans five acres or about 220,000sf of Japanese culture and history dating back more than 100 years. The subject property at Japan Town located in Lower Pacific Heights bordering western addition, with its rich history and bustling commercial corridors, is one of the most sought-after sub-markets within the City of San Francisco, strategically located in a dense commercial and residential hub with excellent access and visibility at Geary Blvd crossing at Webster Street.

This is truly a unique single-story, multi-tenant commercial building. 1660, 1630 Geary Blvd. Fully leased, both units are occupied by Medical clinic practice (Owner user) and a retail lounge, potential for restau-rant use (month to month). If combined total square footage to be just under 7,000sf. Ideal for owner-user or investor with great value add potential, this property is full of opportunities. The upside potential is substantial, both in the increasing rents in the area and improving real property values.

1660, 1630 is being offered for sale with an asking price of $6,250,000. Seller will consider all offers. All prospective buyers should assume the subject property will be delivered on an “As-Is, Where-Is” basis at the Close of Escrow. Prospective buyers will have the opportunity to tour the subject property and begin initial due diligence immediately. All prospective buyers are encouraged to make an offer at any time. All offers are to be delivered to Vista Investment & Realty.

1801 Murchison Drive, Suite 100 | Burlingame, CA 940108BRE: #01829091

c: (650) 302.6795f: (877) [email protected]

VISTA INVESTMENT & REALTY

Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Riki Tang

Page 4: 2 UNIT COMMERCIAL PROPERTY - LoopNet · 2018. 10. 22. · INVESTMENT OVERVIEW San Francisco, CA 1630 & 1660 GEARY BLVD OFFERING TERMS INVESTMENT SUMMARY This is a rare opportunity

LOCATIONHISTORY

The Japan Center Malls, occupying the blocks between Fillmore, Laguna, Geary and Post, are the cultural and economic heart of Japantown, past, present and future. From the beginnings of Japanese-American settlement in this part of San Francisco, to the reconstruction of these blocks by the Redevelopment Agency in the middle part of the 20th Century, through the present, this has been the center of the community.

Japantown has been the cultural heart of the Japanese American community in San Francisco for over a century, serving a role that is unique to the city, region and country. As one of three Japantowns remaining in the country, the area’s cultural and historical resources are widely appreciated and play a significant role in the history of San Francisco and the region at large.of the community.

Much of what makes Japantown a culturally-rich and recognizable place are the businesses and community based organizations. A unique mix of businesses offers Japanese, Japanese American, Korean and other culturally specific services, wares and food products that can be found in few other places in the United States, while cultural and community institutions continue to draw people from around the Bay Area on a daily basis.

JAPAN CENTER

San Francisco, CA 1630 & 1660 GEARY BLVD

1801 Murchison Drive, Suite 100 | Burlingame, CA 940108BRE: #01829091

c: (650) 302.6795f: (877) [email protected]

VISTA INVESTMENT & REALTY

Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Riki Tang

Page 5: 2 UNIT COMMERCIAL PROPERTY - LoopNet · 2018. 10. 22. · INVESTMENT OVERVIEW San Francisco, CA 1630 & 1660 GEARY BLVD OFFERING TERMS INVESTMENT SUMMARY This is a rare opportunity

1801 Murchison Drive, Suite 100 | Burlingame, CA 940108BRE: #01829091

c: (650) 302.6795f: (877) [email protected]

VISTA INVESTMENT & REALTY

San Francisco, CA 1630 & 1660 GEARY BLVD

INTERIORPHOTOS

Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Riki Tang