OFFERING MEMORANDUM 1035-1055 GRANT AVENUE · OERING EORANU 1035-1055 GRANT AVENUE P. 9 COLLIERS INTERNATIONAL LEGEND RESTAURANT/BAR COFFEE SERVICES 1 Sodini’s 10 Reveille Coff

101 Second Street, 11th FloorSan Francisco, CA 94105www.colliers.com/sanfrancisco

JULIE TAYLOR+1 415 293 [email protected]# 0099395

BRIAN LEUNGlic. 01203473Senior Vice President | Investments

direct + 1 415 288 7881email [email protected]

TOM ADLERlic. 02090169Associate | Investments


O F F E R I N G M E M O R A N D U M

1035-1055 GRANT AVENUE

P. 2 COLLIERS INTERNATIONAL OFFERING MEMORANDUM | 1035-1055 GRANT AVENUE

1035-1055 Grant AvenueTable of ContentsOFFERING SUMMARY 3

FINANCIAL OVERVIEW 4

PHOTOS 5

FLOOR PLANS 6

LOCATION OVERVIEW 7

NEIGHBORHOOD OVERVIEW 8

NEIGHBORHOOD AMENITIES 9


Offering SummaryColliers International is pleased to present 1035-1055 Grant Avenue, San Francisco, CA 94133 for purchase at $6,150,000. This iconic corner commercial building enjoys excellent visibility just off the intersection of Grant and Pacific Avenues with a pedestrian count of 29,754 people per day. 1035-1055 Grant Avenue is conveniently located near Union Square, the Embarcadero, Fisherman’s Wharf and public transportation. The building, which spans 3 parcels and encompasses half of an entire block of GRANT AVENUE, is comprised of ten (10) commercial units total. Five (5) of the units are ground floor retail, and five (5) are second floor commercial offices. The gross annual income is $362,400 per year. Very low operating expense to income ratio at 26.6%. Subject property yields a GRM of 16.97, cap rate of 4.32. The building has a Walk Score of 100/100, Bike Score of 73/100, and a Transit Score of 100/100.

1035-1055 Grant Avenue

General Information:Street Address: 1035-1055 Grant Avenue

District: Financial District

APN: 0178-001 A,B,C

Building Square Feet: ±7,925 SF (per tax records)

Lot Size: ±2,475 SF (per tax records)

Constructed: 1953

Zoning: CRNC

Features:Use: Commercial/Retail

Structure: Concrete & Steel

Stories: 2 Stories

Parking: Street Parking

Utilities: PG&E

Water/Sewer: SF-PUC


Annual Gross Income

Financial Overview

Unit # Tenancy LeaseCommencement

Monthly Income

1035 Grant B Vacant Vacant

1035 Grant C Mei Mei Fashion Feb 1st, 2019 $3,250.00

1043 Grant ACY Jewelry Sept 1st, 2018 $5,500.00

1047 Grant Rainbow Station Feb 1st, 2006 $5,400.00

1051 Grant Electronics & Home Goods March 1st, 2017 $6,000.00

1055 Grant Grant Pacific Imports Jan 1st, 2006 $5,400.00

1039 Grant #201 Bay Area Tax & Accounting LLC Jun 1st, 2010 $1,050.00

1039 Grant #202 GM Beauty & Health Jun 1st, 2009 $900.00

1039 Grant #203 City Time Travel Jun 1st, 2010 $850.00

1039 Grant #204 Golden Time Travel Jan 1st, 2006 $850.00

1039 Grant #205 Fu Kang Cheng Therapy Dec 1st, 2011 $1,000.00

MONTHLY $30,200.00GAI $362,400.00

LOCATION: 1035-1055 Grant Avenue San Francisco

Annual Operating Expenses

Expense Categories Annual Expenses

Property Insurance $5,943.75

Trash $4,822.76

PG&E $763.41

Custodian $1,440.00

Property Management (3%) $10,872.00

Property Tax* $73,062.00

GAE $96,903.92

NOI $265,496.08

* Based on Purchase Price

List Price $6,150,000

GRM 16.97

Cap Rate 4.32



Retail

Up

Dn

#1035Retail#1035

Retail#1043

Up Up

Retail#1047

RstrmDn

Retail#1055Retail

#1051

UpDn

Up

RstrmStorage

#1039

DnRstrm

4'

2'

22'

2'

16' 11'

6' 5'6'

26'

4' 28'

28'

4'

24' 24'

27'

4'

5'3'3'13'12'6'5'2'

6' 4'

27'

12'

9' 6' 8' 3'17'

17'

3' 4'7'

19'5'

4'

12'

Retail

UpStorage#1035

Storage#1043

Up

Storage#1055

Up

Storage#1047

Up

Storage#1051

28' 4' 28'

25' 24' 24'27'8'26'

32'

20'

11'

20'

7'4'

20'

27'

4'

1035-1055 GRANT AVENUESAN FRANCISCO, CA 94133

N

Rendering by Floor Plan Visuals www.fpvisuals.com 415.670.9265All measurements are approximate. While deemed reliable, no informationon these floor plans should be relied upon without independent verification.

FIRST FLOOR

BASEMENT

Presented by Brian Leung, Colliers InternationalTel: 415.288.7881

Email: [email protected]

Dn

Rstrm

OfficeOffice

Waiting Area#205

WaitingArea#204

Office Open Office

Stor.

OfficeOffice

Rstrm

#202

OfficeOffice

Office#201

#201 B

#201 B

Rstrm

#201 A

Dn

Rstrm

14' 16'

12'

2'15'

13' 9' 15' 24' 12' 12'

8'11

'4'

20'

9'5'

5'

4'4'10'5'

6'3'

9'

19'

7'3'7' 7'

7'5'

9'11

'89'

7'3'10' 10'

10' 9'

5'7'7'

4'6'

6'

28'

14'3'4'

4'4'

8' 8'3'

#203

1035-1055 GRANT AVENUESAN FRANCISCO, CA 94133

N

Rendering by Floor Plan Visuals www.fpvisuals.com 415.670.9265All measurements are approximate. While deemed reliable, no informationon these floor plans should be relied upon without independent verification.

SECOND FLOOR

Presented by Brian Leung, Colliers InternationalTel: 415.288.7881

Email: [email protected]

Floor Plans


Location Overview

1035 GRANT AVE

1035 GRANT AVE


9th & Irving

UCSF

Golden Gate Park

The property is situated on the edge of Chinatown and North Beach with all its busy shops and restaurants. San Francisco’s Chinatown is the oldest Chinatown in North America, and the largest Chinese enclave outside of Asia.

Since its establishment in 1848, it has been highly important an influential in the history and culture of ethnic Chinese immigrants in North America. Chinatown is an enclave that continues to retain its own customs, languages, places of worship, social clubs, and Identity.

There are two hospitals, several parks and squares, numerous churches, a post office, and other infrastructure. While recent immigrants and the elderly choose to live here because of the availability of affordable housing and their familiarity with the culture, the place is also a major tourist attraction, drawing more visitors annually than the Golden Gate Bridge.

Neighborhood Overview

100 100 73Walker's Paradise Rider’s Paradise Biker's Paradise

Walk Score Transit Score Bike Score


LEGEND RESTAURANT/BAR COFFEE SERVICES

1 Sodini’s 10 Reveille Coff ee 19 Mister Jiu’s

Sotto Mare 11 May Sun Market 20 Bluebottle Coff ee

3 Cavalli Cafe 12 Golden Gate Bakery 21 Powell Grocery

4 U.S. Bank Branch 13 Trestle 22 Chung Hing Produce

5 Capo’s 14 East West Bank Pacifi c Auto

6 Caff e Trieste 15 Citibank 24 Powell Florist

7 China Live 16 HSBC Bank 25 Chinatown Branch Library

8 ABC Supermarket 17 Citibank Chinese Hospital

9 City Lights Booksellers 18 Chase Bank Cable Car Museum

X X X

26

27

1035-1055 GRANT AVENUE

2

23

123

4

56

7

8 9

1110

18

1712

13

16

1415

19

20

2625

24

27

23

2221

GRAN

T AVE COLUM

BUS AVE

UNION ST

John Yehall Elementary

Beat Museum

California Park Inc.

Transamerica Pyramid

• Wells Fargo• San Francisco Poultry• Nizarios Pizza• Vesuvia Cafe• New Regent Cafe

• Europa Hotel• Pizelle Di North Beach• The House• The Emerald Tablet• Basque Hotel• Broadway Cigars & Liquors

• Knights of Saint Francis• Ideale Restaurant• Hotel Boheme• Arata Fine Art Gallery• Bank of the West• North Beach Copy Center

• Caffee Sport• North Beach Restaurant• Glow Yoga & Wellness• Tacolicious• Tonys Pizza


STOC

KTON

ST

POW

ELL

ST

1035 GRANT AVENUE

GREEN ST

VALLEJO ST

BROADWAY ST

Walgreens

Central Police Station

Sun Sun Grocery

The Salvation Army

Jean Parker Elementary

Woh Hei Yuen Park

East West Bank

• Citi Bank• Ma-Tsu Temple• Chung King Restaurant • Comstock Saloon• New Regent Cafe

• City Supermarket• Delicious Dim Sum• S&J Hair Salon• Dick Lee Pastry• Golden Gate Bakery


COLLIERS INTERNATIONAL101 Second St, 11th FlSan Francisco, CA 94105

tel + 1 415 788 3100fax+ 1 415 433 7844

www.colliers.com

BRIAN LEUNGlic. 01203473Senior Vice President | Investments


TOM ADLERlic. 02090169Associate | Investments


Confidentiality & Disclaimer StatementThis Offering Memorandum contains select information pertaining to the business and affairs of the Subject Property. It has been prepared by Colliers International. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers International. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by Colliers International from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum from Colliers International you agree:

1) The Offering Memorandum and its contents are confidential;

2) You will hold it and treat it in the strictest of confidence; and

3) You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Owner and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of Subject Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date of this Offering Memorandum.

1035-1055 GRANT AVENUESan Francisco, CA 94133

Documents

OFFERING MEMORANDUM 1035-1055 GRANT AVENUE · OERING EORANU 1035-1055 GRANT AVENUE P. 9 COLLIERS INTERNATIONAL LEGEND RESTAURANT/BAR COFFEE SERVICES 1 Sodini’s 10 Reveille Coff