345 Portal AveSan Francisco, CA 94127

Property Details for 345 Portal Ave

Property size (Sq ft)

10,180 SF

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional multi-tenant medical and traditional office building presents a compelling value-add investment opportunity in San Francisco's desirable West Portal neighborhood. Located at 345 W Portal Ave, this four-story, Class B building boasts 10,180 square feet of net rentable space, currently housing eight tenants with 77.65% occupancy. The asking price is $7,988,000, representing a price per square foot of $784.68 and a current cap rate of 4.67%. Significant upside potential exists with the leasing of the vacant fourth floor, projected to increase the pro-forma cap rate to 7.18% and the pro-forma NOI to $573,634. The property features 17 surface parking spaces, an elevator, and excellent access to public transportation, including nearby Muni stops. Its prime location within the West Portal shopping district offers strong visibility and accessibility. The building benefits from a modified lease structure and allows for rent bumps. This is the largest and most prominent medical office building in the West Portal area, presenting a rare opportunity for investors seeking a strong return in a thriving San Francisco market. The property's address is 345 W Portal Ave, San Francisco, CA 94127, with APN 3012-018, 3012-019.

Location Insight

City

San Francisco

County

San Francisco

State

California

Latitude

37.7373

Longitude

-122.47

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