$11,000,000 | MIXED-USE | FINANCIAL DISTRICT

Just Listed

700-710 Kearny Street

42

Units

5.5%

Cap Rate

12.9

GRM

20,080

Square Feet

Compass Commercial is pleased to present The Portsmouth Commons Hotel,
a unique buying opportunity in San Francisco’s Financial District. The subject
property is located on the north easterly corner of Kearny Street & Clay Street.
700-710 Kearny Street consists of 36 Single-Room Occupancy (SRO) residential
hotel rooms and six retail units. The ground floor tenants consist of a mix of
restaurants and retailers that service customers from San Francisco’s famous
Financial District and Chinatown.
The owners have spent approximately $2,600,000 on capital improvements in
order to make the property more attractive to prospective renters, achieve higher
market rents, and deliver a turn-key asset. A partial list of property highlights
includes the following:


• Three Restaurant Spaces
• Highly Visible Corner Building
• New Interior & Exterior Paint
• Structural Upgrades
• Full Renovation of Common Areas
• Upgraded Restroom Facilities
• Newly Built Common Area Kitchen
• 28 of 36 Rooms Have Been Remodeld
• Cured Various Deferred Maintenance Issues


This property is being offered in conjunction with the adjacent mixed-use
property at 662-668 Clay Street. These assets can be purchased together or
separately. Please inquire with listing brokers.