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$11,500,000

The Post Hotel

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Price:
$11,500,000
Location:
573-599 Post St, San Francisco, CA
Neighborhood:
Downtown
Description:

Ideal for the passive investor, this investment offers the flexibility, convenience, and reliability of a high cap rate (6.5%) absolute triple net (nnn) lease with 1 master tenant in 1 of the world' s most desirable tourist and business destinations.
Additional Details:
After a sale leaseback, lessee will continue to operate the post hotel on-site and pay new owner an annual rent of $747,500 ($62,292 per month) with annual consumer price index (cpi) increases. Lessee will assume responsibility for all real estate taxes, insurance, utilities, and maintenance on the property. Lease comes with both a corporate and personal guarantee. The post hotel, with a reputable, experienced, and well established operator, has been experiencing increased profitability and improved financial performance in 2011. This nnn lease offers the investor a reliable and stable opportunity to own a historic property in 1 of the most beautiful cities in the world - san francisco, california, u.s.a. Location highlights: -less than 2 blocks from san francisco' s famous union square -just steps away from the city' s most popular tourist attractions and nightlife -walkable distance from world class shopping, restaurants, art galleries, and performing arts -located centrally in downtown san francisco, near financial and business districts -easily accessible by public transportation, sf muni and bart train system the post hotel is located in the heart of san francisco, within walkable distance from san francisco' s theatre and financial districts and surrounded by world class shopping and restaurants. This 36,607 sq-ft, 89 room hotel, has 4 first floor commercial retail tenants, and is located in 1 of the busiest areas of san francisco, with an average daily volume of more than 17,000 vehicles and 20,000 pedestrians that pass by each day. This is an exceptional opportunity for a passive investor to purchase a property in 1 of the strongest hotel and retail markets in the world, downtown san francisco, a market that traditionally has substantial barriers to entry.
Property Type:
Vacation Property for Sale
Posted:
December 25 2011 on Rofo (via Rofo)
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