The SRO is currently master leased, so the Gina Hotel would be Ideal for the passive investor. This investment offers the flexibility, convenience, and reliability
of a Double Net (NN) lease in one of the world' s most sought after commercial real estate markets. For an investor who is not looking to manage and oversee
building operations, the new owner will be able to continue leasing the Hotel, receiving the steady income from this NN leased investment (at a market rent of
$20,000/month). In addition, there is also rent coming in from the street level commercial tenant, totaling an additional $2,870/month. The office space(s) at the
rear of the building, plus the basement, is currently included with the SRO lease, but may also be leased separately in the future. Between these two tenants
(SRO @ $20,000 + Hair Salon Tenant @ $2,870), the building is currently generating $22,870/ month in rents or $274,440/year in total revenues. There is also a
billboard on the building that produces approximatelty $300/month income or $3,600/year, but the rent and terms of this lease will need to be negotiated with
current billboard tenant.
This is a rare opportunity to purchase a property inone of the strongest commercial real estate marketsin the world and specifically in a neighborhood thathas
been experiencing rapid growth in rents and realestate values. SOMA is one of the most sought afterSub-Markets within the City of San Francisco, and
thisclass of asset rarely becomes available in this area.
22 Room Residential Hotel/SRO (22 SRO Units);
All Rooms Recently Renovated and include
Ground Floor Commercial Space in One of the
Busiest Areas of the City; Currently Leased to
a Hair Salon.
Hotel is Currently Double Net (NN) Leased; Ideal
Passive Investment with NO Landlord
Maintenance or Management Responsibilities.
Scheduled Gross Income $274,440
Operating Expenses $67,613
Net Operating Income $206,827