548 7th St...2 Residences Luxury Apartments perfectly blends SoMa’s industrial and artistic past...

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548 7th St SAN FRANCISCO

Transcript of 548 7th St...2 Residences Luxury Apartments perfectly blends SoMa’s industrial and artistic past...

Page 1: 548 7th St...2 Residences Luxury Apartments perfectly blends SoMa’s industrial and artistic past with the neighborhood’s tech-focused future. The exterior is artistically designed

548 7th St S A N F R A N C I S C O

Page 2: 548 7th St...2 Residences Luxury Apartments perfectly blends SoMa’s industrial and artistic past with the neighborhood’s tech-focused future. The exterior is artistically designed

Great investment opportunity!

Currently an 8,485SqFt commercial/industrial building on a 13,200SqFt lot occupied by a Fortune 500 company with a 5-year lease agreement with no options to renew. Receive a gross monthly rental income of $15,125.

Potentially this property can be developed into a 5-floor building with approximately 48,000Sqft which can include a 13,200SqFt retail space on the first floor, 13,200SqFt office space on the second floor, and residential units on the top 3 floors (3 units each floor) All subject to architectural and city approval.

Located in the SoMa (South of Market) district of San Francisco close to Airbnb and Pinterest headquarters, the 80, 101, and 280 freeways, countless shops and restaurants, the Caltrain Station, Oracle Park, and Chase Center.

Property Profile

Building Size: . . . . . . . . . . . . . 8,485 SqFt

Lot Size: . . . . . . . . . . . . . . . . 13,200 SqFt

This property features a retail storefront with an office and warehouse with three loading docks on the first floor and multiple offices on the second floor plus offers a fenced-in private parking lot for 15 cars.

Receieve Income for 5 Years While Planning Your New Development

Annual Income

Gross Rental Income: . . . . . . . . . . $181,500

Income from Billboard: . . . . . . . . . . $5,220

Effective Gross Income: . . . . . . . . . $186,720

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550 7TH STREET is a creative office conversion project. The property is currently an existing, single-story light industrial building of approximately 9,000 square feet on a 7,997 square foot parcel. The All new building will have 19,000 square feet after the addition of a second floor, seismic retrofit, new facades, roof deck and large clerestory.

Development Under Construction Next Door

550 7TH ST, SAN FRANCISCO, CA 94103

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Residences Luxury Apartments perfectly blends SoMa’s industrial and artistic past with the neighborhood’s tech-focused future. The exterior is artistically designed and unique, capturing SoMa’s rich culture. Home to many of the world’s leading tech companies, the neighborhood is on the cutting edge of modern innovation, which is reflected in the smart-home technology that is integrated throughout the building. Look no further, Slate Residences is your new home.

Brand New Development 2 Doors Up

911 BRYANT ST, SAN FRANCISCO, CA 94103

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SoMa or South of Market, is a vast, warehouse-filled district in San

Francisco. It encompasses Mission Bay and South Beach, where the San Francisco Giants play baseball at waterfront Oracle Park (the Golden State Warriors moved into the Chase Center in adjacent Mission Bay). Surrounding Yerba Buena Gardens, is an arts center, sleek convention complex Moscone Center, and several museums, including the acclaimed San Francisco Museum of Modern Art (SFMOMA). The area is dotted with upscale dining options and high-energy nightclubs. Tech giants such as Pinterest and Airbnb call SoMa home, while the Salesforce Transit Center is a cutting-edge depot for transit, culture, and commerce.

About the TenantFounded in 1883 as Pittsburgh Plate Glass by Captain John B. Ford and John Pitcairn in Pittsburgh, Pennsylvania. Today, PPG is a global supplier of paints, coatings, optical products, and specialty materials.

“At PPG, our 47,000 employees in 70 countries bring life to our purpose and promise: WE PROTECT AND BEAUTIFY THE WORLD™. We develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 135 years.” Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company.

Financial

• Total Net Sales 2018: $15.4 BILLION

• Reported Net Income 2018: $1.3 BILLION

• PPG shares are traded on the New York Stock Exchange (symbol: PPG)

External Recognitions

• #183 on the Fortune 500

• #4 on the FORTUNE® World’s Most Admired Companies list in its industry

• 90% score on the Human Rights Campaign (HRC) Foundation’s 2020 Corporate Equality Index (CEI)

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NEW & UPCOMING Commercial and Residential Properties

In and Around the South of Market District

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NEW & UPCOMING Commercial and Residential Properties

In and Around the South of Market District

3855 Brannan Apartments is a stunning addition to the SoMa neighborhood in San Francisco. These brand new apartment homes feature modern finishes and stunning designs. Socialize with friends out on the rooftop deck while admiring the views of San Francisco’s iconic skyline.

Built in 2017

855 BRANNAN ST, SAN FRANCISCO CA 94103

4One Henry Adams Apartments is the latest addition to San Francisco’s Design District, also known as Showplace Square. A stunning rooftop terrace with skyline views, a 24-hour private fitness center, and a lavish clubhouse are some of the many amenities that welcome residents at One Henry Adams Apartments.

Built in 2016

1 HENRY ADAMS ST, SAN FRANCISCO CA 94103

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6New apartment development currently under construction that will have 6 floors and a total of 42 units. Sizes range from 290 to 350 square feet.

Under Construction

1174-1178 FOLSOM ST, SAN FRANCISCO, CA 94103

7Inspired by the Mid-Market renaissance, 99 Rausch is a 6-story, 112-unit condominium community with state-of-the-art amenities and environmentally sustainable features.

Built in 2018

99 RAUSCH ST, SAN FRANCISCO, CA 94103

5This modern community of studio, one, and two bedroom homes offers you the residential experience you deserve. Sunny, spacious interiors come fully equipped with today’s cutting-edge design and technology, including elegant wood-style flooring, solar shades, and custom kitchen cabinetry and appliances. Dine and entertain with ease as you take in views of our stunning city surroundings.

Built in 2017

1222 HARRISON ST, SAN FRANCISCO, CA 94103

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8OneElevenis an alluring new collection of modern condos for sale in the historic and dynamic South of Market neighborhood. This intimate community of thirty-nine residences is for a select few who will love its edge and spirit. From the dramatic lobby to the expansive Roof Terrace, OneEleven is head-to-toe above the rest.

Under Construction

111 7TH ST, SAN FRANCISCO, CA 94103

9The long-delayed 5M development broke ground in June 2019. The four-acre project, located at the border of MidMarket and SoMa, between 5th, Mission, and Howard streets in Downtown San Francisco. Over the next 10 years, this phased proposal would transition the site from its current mix of office buildings and surface parking lots to a balance of residential, office, retail, cultural, and open space uses that provide a unique opportunity to connect surrounding neighborhoods.

Just Broke Ground in June 2019

198 5TH ST, SAN FRANCISCO, CA 94103

10115 very well-appointed residences in a one-of-a-kind boutique community, Folsom exemplifies the utmost in class, sophistication, comfort, and convenience. Here you’ll find an extensive list of amenities and additions that maintain our distinctiveness from other SoMa luxury apartments.

Built in 2017

923 FOLSOM ST, SAN FRANCISCO, CA 94107

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11One Mission Bay SF features 350 luxury condos at a 16-story “Tower” building and a 6-story “Park” building, right at the heart of San Francisco Mission Bay neighborhood. Centrally located and walking distance to Oracle Park and Chase Center.

Built in 2017

110 CHANNEL ST, SAN FRANCISCO, CA 94158

*All information is deemed reliable but not guaranteed by Green Banker and its agents. Information contained herein acquire from public and county records, provided by the sellers, and other sources. This brochure has been prepared only to provide of summary of unverified information to prospective buyers and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation including reviewing property and lot size square footage, permits, and other important documents that may affect the sale of the subject property. Green Banker has not made any investigation and makes no warranty with respect to the house/unit size and lot size of the property, property condition and features, and permits. We advise interested buyers to independently make own investigations or to contract a professional to verify the correctness and take appropriate measures to verify all of the information contained here and or other documents provided to prospective buyer before providing a signed offer or completing the purchase. If your property is presently listed with another agent, please disregard this offer as it is not our intention to solicit to clients of other agents.

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