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Paolo Ocampo

paoloocampo.re@gmail.com +1(510) 736-3886

Listed by Dominic Morbidelli Maven Commercial, Inc.

$9,950,000

Est. payment - /mo

4 Beds

6 Baths

1,384 SqFt

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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

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Paolo Ocampo

+1(510) 736-3886

Agent CA BRE #02127190

387 Tehama ST San Francisco, CA 94103

Paolo Ocampo

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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