cbc - offering memorandum (l) · • an entrepreneur's dream! live, work, plus rental income...

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29 - 31 29TH STREET$2,448,000

29 - 31 29th StreetSan Francisco, CA 94110

AVAILABLE SPACE3,541 SF

FEATURES• Fully renovated 4 units with 2 Commercials plus 2 residential floors all delivered Vacant!

• An Entrepreneur's Dream! Live, work, plus rental income in a fully renovated 4 unit building!

• Ideal Community Hub Location

• Easy Freeway 101 and 280 Access

• 94 Walk, 80 Transit, and 90 Bike Score

• Shop and dine in nearby Valencia, Guerrero, Mission, and Church Street Neighborhood

• Live, work, and collect rental income in a newly renovated building

• Rich daily conveniences, restaurants, and leisure amenities nearby

• Located in an area with one of the best macro climates in San Francisco

• An area with great sense and spirit of community

AREAA hub location servicing the greater Bernal Height, Glen Park, Upper Church, and the Inner Mission Communities

OFFICE

Eric M. K. [email protected]

Tina [email protected]

©2019 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial NRT. All rights reserved. Coldwell Banker Commercial® and the Coldwell Banker Commercial areregistered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principlesof the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. The information provided is deemed reliable, but it is notguaranteed to be accurate or complete, and it should not be relied upon as such. This information should be independently verified before any person enters into atransaction based upon it.

COLDWELL BANKER COMMERCIALNRT2633 Ocean Ave, San Francisco, CA 94132415.334.1880

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CONFIDENTIALITY AGREEMENT

This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes toproceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it hasnot been independently verified by the Coldwell Banker Commercial affiliate or by the Seller.

The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under thecircumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections.

This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contentsherein are confidential and are not to be reproduced without the express written consent.

Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONSOR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonableopportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’schoosing.

The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offerwithout regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter ofintent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii)approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bounduntil execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the soleagreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional orotherwise, incurred by them.

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Why CBC - Page 1

Why CBC - Page 2

06 PROPERTY INFORMATION

Property Overview

Property Description

Complete Highlights

Additional Photos

11 LOCATION INFORMATION

Regional Map

Location Maps

Aerial Maps

Site Plan

16 FINANCIAL ANALYSIS

Financial Summary

Income & Expenses

Rent Roll

20 DEMOGRAPHICS

Demographics Map & Report

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WHY COLDWELL BANKER COMMERCIAL

Owner. Occupier. Investor. Local business or global corporation. ?No matter who you are, the challenges remain the same.

The success of the CBC organization lies in its striking versatility. The organization deftly combines a powerful national presence with the agility of a regional market innovator.Each CBC affiliate office has the resources and insight to understand its local market and the expertise to convert this knowledge into tangible value for each client. The CBCorganization’s skillful professionals and nimble affiliate offices service a wealth of business categories in markets of any size, with clients ranging from established corporations tosmall businesses to individual investors.

Acquisition and Disposition Market Research & Analysis

Capital Services & Investment Analysis Property & Facilities Management

Construction Management Startups & Small Business

Corporate Services Tenant Representation

Distressed Assets Landlord Representation

Relocation Services

180Companies

Presence in

40+Countries

Nearly

3,000Professionals

7,081YE Sales Transactions

$6.0 BillionSales Volume

7,187YE Lease Transactions

$3.2 BillionLease Volume

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WHY COLDWELL BANKER COMMERCIAL NRT

CAPTURING UNREALIZED VALUE

Often property owners are not aware of the many intrinsic values their asset may hold. We have an intimate understanding of the market and its trends. We know what thecurrent demand is and what the market seeks.

DIRECT CONTACT WITH MARKET PLAYERS

Our ability to access active market players is key, and the market is constantly shifting. We have a built a long list of direct contacts and strong relationships from years ofmarketing and ongoing involvement in the market.

VALUATING & MARKETING YOUR PROPERTY

We feel that it is critical to work closely with our clients to formulate a specific marketing plan for each transaction, one that the market would respond to. We have accessto a marketing and technology platform that was built for the successful marketing of your property.

CONNECTED TO A GLOBAL BRAND

CBC has one of the largest domestic footprint in commercial real estate with almost 180 offices in primary, secondary and international markets and nearly 3,000professionals worldwide.

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PROPERTYINFORMATIONSECTION 1

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OFFERING SUMMARY

Sale Price: $2,448,000

Cap Rate: 5.07%

NOI: $124,010

Lot Size: 0.03 Acres

Building Size: 3,541 SF

Renovated: 2019

Zoning: NC-3

Market: San Francisco

Submarket: Bernal Height

Price / SF: $691.33

29 - 31 29th Street was 3 units now converted to 4 units mix use with the addition of one more level of living space. Thebuilding has undergone a complete renovation with down to stud remodel. There are now two commercial floors plus tworesidential floors which have 2 bedrooms and 2 baths each with outdoor decks. The building will be delivered vacant with acertificate of occupancy. It is an ideal owner user building for an entrepreneur who can operate a professional office, store, orrestaurant on the ground and 2nd-floor level (if needed). The entrepreneur can also occupy one of the residential units andrent out the other unit for additional rental income. The building is well situated in a hub location servicing the greater BernalHeight, Glen Park, Upper Church, and the Inner Mission Communities. It is in close proximity to access the freeway via CesarChavez for Highway 101 or via San Jose Avenue for Highway 280. It is within 5 minutes walk to the 30th and Dolores Street JChurch Street Car Stop. There is an abundance of Muni Lines on Mission Street at the corner of 29th and Mission. There areplenty of shops and restaurants within a 5 minutes vicinity including Safeway, Walgreen, 7 -11, Burger King, Bank of America,The UPS Store, United States Postal Service, Rock Bar, Big Lots, and others. This is an ideal location to call home and startbuilding your dream real estate empire in San Francisco.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Fully renovated 4 units with 2 Commercials plus 2 residential floors all delivered Vacant!

• An Entrepreneur's Dream! Live, work, plus rental income in a fully renovated 4 unit building!




• Shop and dine in nearby Valencia, Guerrero, Mission, and Church Street Neighborhood





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PROPERTY DESCRIPTION

29 - 31 29th Street was 3 units now converted to 4 units mix use with the addition of onemore level of living space. The building has undergone a complete renovation withdown to stud remodel. There are now two commercial floors plus two residential floorswhich have 2 bedrooms and 2 baths each with outdoor decks. The building will bedelivered vacant with a certificate of occupancy. It is an ideal owner user building for anentrepreneur who can operate a professional office, store, or restaurant on the groundand 2nd-floor level (if needed). The entrepreneur can also occupy one of the residentialunits and rent out the other unit for additional rental income. The building is wellsituated in a hub location servicing the greater Bernal Height, Glen Park, Upper Church,and the Inner Mission Communities. It is in close proximity to access the freeway viaCesar Chavez for Highway 101 or via San Jose Avenue for Highway 280. It is within 5minutes walk to the 30th and Dolores Street J Church Street Car Stop. There is anabundance of Muni Lines on Mission Street at the corner of 29th and Mission. There areplenty of shops and restaurants within a 5 minutes vicinity including Safeway, Walgreen,7 -11, Burger King, Bank of America, The UPS Store, United States Postal Service, RockBar, Big Lots, and others. This is an ideal location to call home and start building yourdream real estate empire in San Francisco.

LOCATION DESCRIPTION

A hub location servicing the greater Bernal Height, Glen Park, Upper Church, and theInner Mission Communities

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LOCATION INFORMATION

Building Name 29 - 31 29th Street

Street Address 29 - 31 29th Street

City, State, Zip San Francisco, CA 94110

County San Francisco

Market San Francisco

Sub-market Bernal Height

Cross-Streets Mission

Side Of The Street West

Signal Intersection Yes

Road Type Paved

Market Type Large

Nearest Highway 101 and 280

Nearest Airport San Francisco International

BUILDING INFORMATION

NOI $124,010.00

Cap Rate 5.07

Tenancy Multiple

Number Of Floors 4

Year Last Renovated 2019

Free Standing No

PROPERTY HIGHLIGHTS

• Fully renovated 4 units with 2 Commercials plus 2 residential floors delivered Vacant!

• An Entrepreneur's Dream! Live, work, plus rental income in a fully renovated 4 unitbuilding!




• Shop and dine in nearby Valencia, Guerrero, Mission, and Church StreetNeighborhood





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LOCATIONINFORMATIONSECTION 2

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San Francisco, CA

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FINANCIAL ANALYSISSECTION 3

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INVESTMENT OVERVIEW (PROJECTED)

Price $2,448,000

Price per SF $691.33

CAP Rate 5.07%

Cash-on-Cash Return (yr 1) 2.25%

Total Return Before Tax 4.59%

Debt Coverage Ratio 1.25

OPERATING DATA

Gross Scheduled Income $195,600

Other Income N/A

Total Scheduled Income $195,600

Vacancy Cost N/A

Gross Income $195,600

Operating Expenses $71,590

Net Operating Income $124,010

Pre-Tax Cash Flow $24,793

FINANCING DATA

Down Payment 45%

Loan Amount $1,346,400

Debt Service Annual $99,217

Principal Reduction (yr 1) $25,809

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INCOME SUMMARY PER UNIT

Gross Income - -

EXPENSE SUMMARY PER UNIT

Gross Expenses - -

Net Operating Income $124,010 $31,002

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TENANT

NAME

UNIT

NUMBER

UNIT

SIZE (SF)

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RENT

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GLA

PRICE

PER SF/YR

Ground Floor Comercial 29 1,040 N/A N/A $66,000 29.37 $63.46

2nd Floor Commercial 31 953 N/A N/A $28,800 26.91 $30.22

3rd Floor Residential (2 bed 2 Baths) 31A 735 N/A N/A $48,000 20.76 $65.31

4th Floor Residential (2 bed 2 Baths) 31B 813 N/A N/A $52,800 22.96 $64.95

Totals/Averages 3,541 $195,600 100 $55.99 (Ave)

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DEMOGRAPHICSSECTION 4

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POPULATION 0.25 MILES 0.5 MILES 1 MILE

Total population 6,148 22,460 83,323

Median age 36.8 36.6 36.6

Median age (Male) 37.2 36.0 36.0

Median age (Female) 36.3 37.1 36.9

HOUSEHOLDS & INCOME 0.25 MILES 0.5 MILES 1 MILE

Total households 2,422 9,116 33,252

# of persons per HH 2.5 2.5 2.5

Average HH income $116,134 $115,978 $111,807

Average house value $843,176 $869,110 $854,292

* Demographic data derived from 2010 US Census

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cbc - offering memorandum (l) · • an entrepreneur's dream! live, work, plus rental income...

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