Cole Valley Mixed Use Adds Seller Financing

Having spent nearly a year on the market, 4400 17th Street is hanging tough. Listed at $1,699,888, the mixed-use Cole Valley project features 1,196 square feet of commercial space, a 1,006 square foot basement and two-car garage, and 1,598 square feet of second floor living space. For those looking to score an extra buck, there is also an unwarrented 538 square foot in-law. Priced at a $391.86 per square foot, the project hits a 6.14% cap rate based on market rents. The owners plan to deliver it totally vacant, which would explain their offer to carry $1,000,000 at a “favorable rate” for ten years, considering the current status of neighborhood retail.

4400 17th Street [Loopnet]


~ by awietstock on June 10, 2010.

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