Description
INVESTMENT HIGHLIGHTS
- 22 Unit Mixed-Use SRO property
- Desirable Mission District location, walkable to nearby amenities, public transportation and to surrounding neighborhood
- Prime Mission District location
EXECUTIVE SUMMARY
Touchstone Commercial Partners, Inc. is pleased to offer investors the opportunity to purchase the fee simple interest in 3141-3143 16th Street, also known as the Albion Hotel.
The subject property is located between Valencia and Guerrero Streets in the Mission District. This prime location offers an abundance of nearby amenities awarding it a perfect walk score of 100 (Walker’s Paradise). The subject property also has a near perfect transit score of 97 (Rider’s Paradise) with the 16h and Mission BART station just one short block away.
This three story building consists of twenty (20) SRO units, one (1) one-bedroom apartment, and one (1) ground floor with lower level restaurant / bar. Fifteen (15) of the SRO units are leased on a block rental to Recovery Survival Network (RSN) which significantly reduces the management of the building. The apartment at 106 Albion is leased as the RSN on-site office. The ground floor and basement is occupied by The Monk’s Kettle, a successful gastropub. Opening its doors in December 2007, The Monk’s Kettle is a neighborhood tavern offering upscale pub fare and a broad craft beer list.
The subject property is located between Valencia and Guerrero Streets in the Mission District. This prime location offers an abundance of nearby amenities awarding it a perfect walk score of 100 (Walker’s Paradise). The subject property also has a near perfect transit score of 97 (Rider’s Paradise) with the 16h and Mission BART station just one short block away.
This three story building consists of twenty (20) SRO units, one (1) one-bedroom apartment, and one (1) ground floor with lower level restaurant / bar. Fifteen (15) of the SRO units are leased on a block rental to Recovery Survival Network (RSN) which significantly reduces the management of the building. The apartment at 106 Albion is leased as the RSN on-site office. The ground floor and basement is occupied by The Monk’s Kettle, a successful gastropub. Opening its doors in December 2007, The Monk’s Kettle is a neighborhood tavern offering upscale pub fare and a broad craft beer list.
PROPERTY FACTS
| Price | $4,250,000 | Lot Size | 0.04 AC |
| Price Per Room | $193,182 | Building Size | 6,521 SF |
| Sale Type | Investment | No. Rooms | 22 |
| Cap Rate | 5.27% | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1907/2021 |
| Property Subtype | Hotel | Opportunity Zone | No |
| Building Class | B |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 22 | $102.00 | – |
