$8,500,000 | LAUREL HEIGHTS/JORDAN PARK

Just Listed


3400-3420 Geary Blvd

$414

Price Per Sq.Ft.

14.4

GRM

4.7%

Cap Rate

20,515

Square Feet

3400-3420 Geary presents an extremely rare San Francisco investment opportunity. This prominent corner asset consists of 8 storefront commercial spaces and 42 individual office suites. Situated on the corner of Geary Boulevard and Commonwealth Avenue in the prestigious Jordan Park neighborhood, this asset offers both a stable income stream and incredible growth potential. The 8
storefront units are situated along both street frontages, four of which have entrances from a nicely landscaped interior courtyard. These spaces are a mix of retail and office tenants. At 3410 Geary is the entrance to the two upper floors of office suites, which are serviced by an elevator. These offices have been used in different configurations through the years to accommodate the size requirements
of tenants. The office suites are an excellent option for small businesses, sole proprietors, or those looking for an alternative from today’s “work from home” environment. The majority of the office tenants are on month-to-month tenancies, providing flexibility for a new owner. While the property will be delivered turnkey with a high-occupancy, there is significant upside for those who wish to make improvements and reposition this trophy asset.

The prime location of this property make it attractive to a range of business tenants. It is within walking distance to Laurel Heights, Inner Richmond, and USF. There are a plethora of restaurants, cafes, and neighborhood shopping nearby. It is within a 20 minute drive of most San Francisco and Southern Marin locations. Public transportation is also a convenient option.