490 Post StSan Francisco, CA 94102

This exceptional investment opportunity presents a net-leased medical office condo in San Francisco's coveted Union Square. Located at 490 Post Street, Suite 419, this 821 square foot space is currently 100% occupied by a credit-rated tenant, LabCorp, under an absolute NNN lease with a remaining term of approximately two years. The lease commenced December 1, 2023, and expires November 30, 2026, with built-in 3% annual rent bumps. The property boasts a current NOI of $44,340, yielding a 6% capitalization rate. This Class B building, constructed in 1925 and renovated in 2009, is part of a 17-story medical office building with 24/7 security and elevator access. The property benefits from a prestigious address, a half-block from Union Square, and proximity to major retailers, hotels, and public transportation (BART and Muni). The building features upgraded systems and corridors, and is zoned C-3-G. This is a single-tenant investment with a strong tenant and attractive financial metrics. The asking price is $739,000, translating to $900.12 per square foot. The building offers convenient access to multiple parking garages.