112-120 Hyde St SAN FRANCISCO, CA 94102 - The Alexander Barker Team
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OFFERING MEMORANDUM
112-120 Hyde St
SAN FRANCISCO, CA 94102
Alexander Barker
The Alexander Barker Team Senior Investment Advisor
abarker@nainorcal.com
NAINORCAL.COM 415.480.0209
CalDRE #01961924
Confidentiality & Disclosure The information contained in the following investment summary is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from NAI Northern California Investment Real Estate Brokerage and should not be made available to any other person or entity without the written consent of the broker. This investment summary has been prepared to provide concise, unverified information to prospective purchasers and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The broker has not made any investigation, and makes to warranty or representation, with respect to the income or expenses for the subject property; the future projected financial performance of the property; the size and square footage of the property and improvements; the presence or absence of contaminating substances, PCBs, or asbestos; the compliance with state and federal regulations; the physical condition of improvements thereon; the financial condition or business prospects of any tenant; or any tenant’s plans or intentions to continue occupancy of the subject property. The information contained in this marketing brochure has been obtained from sources we believe to be reliable. However, the broker has not verified, and will not verify, any of the information contained herein, nor has the broker conducted any investigation regarding these matters, and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential purchasers must take appropriate measures to verify all of the information set forth herein. NAI Northern California • nainorcal.com 2
Table of Contents P R O P E RT Y I N F O R M AT I O N 4 LO C AT I O N I N F O R M AT I O N 8 F I N A N C I A L A N A LYS I S 10 DEMOGRAPHICS 13 NAI Northern California • nainorcal.com 3
SECTION 1 Property Information NAI Northern California • nainorcal.com 4
Executive Summary
SALE PRICE BUILDING SIZE CURRENT CAP RATE
$6,750,000 12,105 SF 5.57%+
Other Details Property Highlights
Building SF: 12,105 Value-Add mixed use property.
Lot Size SF: 4,356 32 SRO units + 4 room Manager's unit.
Price / SF: $557.62 4 retail spaces. 100% leased to long-term tenants.
Year Built: 1913
12 units with private bathrooms.
Zoning: RC4
20 units are leased to the City + 7 long-term tenants.
Very large 4 room Manager's unit, that could be converted to add
an additional 2 SRO units.
*5 vacant units.
New flooring and paint throughout.
Seismic work complete.
NAI Northern California • nainorcal.com 5Property Description
Property Description
Balboa Hotel, located at 112-120 Hyde St. is a mixed use SRO building
located on the corner of Hyde St. and Golden Gate Ave in San
Francisco.
The property consists of 32 SRO units (12 with private bathrooms), a
very large 4 room manager's unit, and 4 fully leased ground floor retail
spaces.
Location Description
-Located on the corner of Hyde St. and Golden Gate Ave.
-Short walk to Civic Center Plaza, City Hall, and Mid-Market.
-3 blocks from Civic Center Bart station.
-Short distance to some of San Francisco's largest tech companies,
including Twitter, Uber, and Square.
NAI Northern California • nainorcal.com 6Complete Highlights
Location Information
Street Address 112-120 Hyde St
City, State, Zip San Francisco , CA 94102
Cross-Streets Golden Gate Ave
Building Information
Occupancy % 85.0%+
Tenancy Multiple
Number of Floors 3
Year Built 1913
NAI Northern California • nainorcal.com 7SECTION 2 Location Information NAI Northern California • nainorcal.com 8
Retailer Map NAI Northern California • nainorcal.com 9
SECTION 3 Financial Analysis NAI Northern California • nainorcal.com 10
Financial Summary
Investment Overview 112-120 Hyde St. The Balboa Hotel
Price $6,750,000
Price per Unit $187,500
CAP Rate 5.57%
Operating Data 112-120 Hyde St. The Balboa Hotel
Gross Income (Residential & Retail) $557,185.08
Operating Expenses $84,934
Fixed Expenses (Insurance and Prop. tax) $96,250
Net Operating Income $376,001.08
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NAI Northern California • nainorcal.com 11Rent Roll Tenant Name Lease Start Lease End Annual Rent Notes Convenience Store 2020 2027 $30,000 3 year option, 3% annual increases. Donut Shop 2019 2025 $75,600 5 year option, 2% increases. Himalaya Pizza 2017 2025 $32,748 5 year option, 3% increases. New Store 2021 2028 $36000 3 year option, 3% increases. 20 units occupied by the City. $329,016 7 units rented to permanent tenants. $53,821.08 Total Annual Gross Rent $557,185.08 NAI Northern California • nainorcal.com 12
SECTION 4 Demographics NAI Northern California • nainorcal.com 13
Demographics Map & Report Population 0.25 Miles 0.5 Miles 1 Mile Total Population 12,891 39,336 115,134 Average age 41.7 40.7 40.9 Average age (Male) 42.7 42.0 41.2 Average age (Female) 41.7 39.8 40.2 Households & Income 0.25 Miles 0.5 Miles 1 Mile Total households 7,592 24,333 65,973 # of persons per HH 1.7 1.6 1.7 Average HH income $29,320 $37,453 $63,838 Average house value $562,531 $715,829 * Demographic data derived from 2010 US Census NAI Northern California • nainorcal.com 14
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