Hotel/Lodging
| For Sale
| $11,500,000 | 36,607 sqft
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 one master tenant in one of the world' s most desirable tourist and business destinations. 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 one of the most beautiful cities in the world - San Francisco, California, U.S.A.
LOCATION HIGHLIGHTS:
-Less than Two Blocks from San Francisco' s Famous Union Square
-Just Steps Away from the City' s Most Popular Tourist Attractions and Nightlife
-Walking 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 walking distance from San Francisco' s Theatre and Financial Districts and surrounded by world class shopping and restaurants. This 36,607 square foot, 89 room hotel, has four ground floor commercial retail tenants, and is located in one 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 one of the strongest hotel and retail markets in the world, Downtown San Francisco, a market that traditionally has substantial barriers to entry.
Price Per Sqft: $314
Available: 12/23/2011
Year Built: 1900
Listing ID: 246563