NNN Leased Equinox

San Francisco CA

Iconic Cal Hollow Investment Opportunity

Overview

Offering Specifications

  • Price $46,700,000
  • CAP Rate 4.00%
  • Price/SF $1,264.21
  • Net Operating Income $1,867,569
  • Square Footage 39,640
  • Year Built 2014
Essential CRE is pleased to present for purchase the 100% fee simple interest in the NNN leased Equinox Fitness Center with Earth Bar and Museli Café. This 36,490 square-foot asset is located in San Francisco’s Cow Hollow District. This building was completely renovated in 2014 with significant capital and tenant improvements. Equinox has 14 years remaining on the initial term and there are 10% increases in rent every 3 years. This Equinox is a top performing location with $12M gross sales in 2019.

Team

Brokerage team

Michael Cisternino

Founder & Managing Principal
Essential CRE
925.88.0888