REQUEST A TOUR
Listed by Dominic Morbidelli Maven Commercial, Inc.
$ 9,950,000
Est. payment /mo
Active
387 Tehama ST San Francisco, CA 94103
4 Beds
6 Baths
1,384 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,384 sqft
Price per Sqft $7,189
MLS Listing ID 426153530
Bedrooms 4
Full Baths 2
HOA Fees $6,263/mo
HOA Y/N Yes
Year Built 1996
Lot Size 0.495 Acres
Acres 0.4947
Property Sub-Type Condominium
Property Description
Masterfully designed by world-renowned designer Ken Fulk, 387 Tehama combines 7 live/work condo units into one one-of-a-kind 11,800 SF property, now offered as a 100% leased NNN investment at a 7.35% cap rate with potential for future owner-user occupancy. The space comfortably hosts a tech team of 60 or a cocktail event for 150. Soaring sawtooth ceilings and a wall of windows flood the space in natural light, with custom furnishings throughout. Fully leased to MTS Live on a new NNN lease at $62.00/SF ($731,600/yr) with 3% annual increases, expiring January 2030. With no renewal options, the lease offers strong in-place income today and a clear path for an owner-user to occupy the building in the future. FF&E included; landlord retains ownership. Features 4 conference rooms, 4 meeting rooms/bedrooms, 2 full & 3 half baths, elevator access, 36 workstations, a wet bar, two kitchens, an IT room, and a secure garage with 6 exclusive parking spaces. Zoned C-3-S with live/work. Steps to Downtown, Union Square, BART/MUNI, and direct freeway access via 5th Street. Few SF properties offer this design pedigree, in-place income, and flexibility. Buyer to independently confirm zoning/use. Tenant occupied; showings by appointment only, do not disturb tenant.
Location
State CA
County San Francisco
Area Sf District 9
Interior
Fireplace No
Exterior
Total Parking Spaces 6
Private Pool false
Building
Story 4
Level or Stories Three Or More
New Construction Yes
Others
Tax ID 3733115
MORTGAGE CALCULATOR
Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!