For Sale: Credit Medical Tenant @ 6% In-Place Cap. Rate. 490 Post, Suite 419
490 Post Street, Suite 419
San Francisco, CA 94102
Highlights
- Open 24/7 with building security
- Easy management of Owners Association expenses through a professional management company
- 490 Post is one of the main medical/dental buildings in San Francisco
- Great transportation links, BART and Muni
- Monthly/daily/hourly paid parking available in the building
- Multiple parking garages within a block
Description
This suite is currently occupied by Lab. Corp. who recently renewed their lease at $4.50/SF/MO/NNN with 3% annual increases on December 1st, 2023. This equates to a 6.75% in-place cap. rate. They have been a tenant in this suite since August 1st, 2003, over 22 years! This is the only LabCorp in the San Francisco Downtown area (Union Square, Financial District, & SOMA). This is a corner suite with a restroom. Medical office and professional office uses are permitted. Operable windows with lots of natural light. This is a rarely available commercial condominium in the 490 Post Street building.
Prestigious address in Union Square San Francisco. Proximity to shopping, hotels and restaurants. Easy access to BART and MUNI bus and underground routes.
