1189 Tennessee St San Francisco, CA 94107
- Office Properties & Spaces
- 948 SF
Current Use by Public Records
- PTM / Biotechnology Company
- Andre Rothblatt Architects / Architect
- fly frames san francisco / Photographer
Property Details for 1189 Tennessee St
- Year built
- 2015
- Property size
- 948 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Office space
Description
This exceptional 948-square-foot Class A creative office condo, located at 1189 Tennessee Street, Unit 103, in San Francisco's vibrant Dogpatch neighborhood, presents a unique owner-user or investment opportunity. Built in 2015, this fee-simple property boasts modern finishes including high ceilings and wooden floors. The space includes a full ADA-compliant restroom with a shower, one underground parking space, bike storage, and access to a shared patio. The property is zoned NCT2 - Neighborhood Commercial, allowing for a variety of professional uses. With a current asking price of $750,000, the property offers a pro-forma cap rate of 8.00% and a pro-forma NOI of $60,000. The 6,200 square foot lot is situated in a prime location, offering easy access to transportation and amenities, including a 15-minute drive to San Francisco International Airport (SFO). The single-unit building features two stories and is well-maintained, presenting an attractive curb appeal. The current lease is a modified lease with a term of 0.5 years, commencing September 1, 2024, and expiring March 3, 2025. The property's strong historical rental performance and low maintenance costs contribute to its high profitability potential and future value appreciation. The APN is 4172-096.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Francisco
- State
- California
- Longitude
- -122.389
- Latitude
- 37.7569
