$5,000,000 | 36 SRO | FINANCIAL DISTRICT
706 Kearny Street
Compass Commercial is pleased to present The Portsmouth Commons Hotel, a unique buying opportunity in San Francisco’s Financial District. This property is located at 706 Kearny Street and consists of 36 Single-Room Occupancy (SRO) residential hotel rooms. The owners have subdivided this parcel, allowing the residential portion of the property to be sold separately from the retail component of the building. This will allow a new SRO operator to take over a highly-upgraded asset without the complexities of managing commercial and retail tenants in this economy.
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 improvements includes the following:
• 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 108 room SRO at 668 Clay Street. These assets can be purchased together or separately. Please inquire with listing brokers.