3619 California St, San Francisco, CA 94118
- $3,455,000
- Sold Price
- $3,455,000
- List Price
- $3,750,000
Property Description
This is rare opportunity to purchase a single-tenant net leased investment in one of San Francisco's most prestigious locations. The tenant is Presidio Way Veterinary Hospital a subsidiary of VetnCare, a strong regional operator with 13 Bay Area pet hospitals. This location has been a veterinary hospital since 1997, demonstrating a solid history of successful operations. The tenant has executed a 10-year lease through 2034 with annual increases and two extension options. The tenant is responsible for all operating costs, except for exterior maintenance and structural repairs. Located in Laurel Heights, the property is one half block to the Laurel Village shopping center, adjacent to San Francisco's wealthiest neighborhoods. This is the closest veterinary hospital to Pacific Heights, Presidio Heights, Jordan Park and the Richmond District. Offered at a 6.9% cap rate, this is an amazing opportunity to acquire an income producing asset with a strong tenant on a long-term lease.
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Listing courtesy of Compass Commercial. Selling Office: Infinite Realty & Investments.
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