
Description
Pyramid Commons is 108 Single-Room Occupancy (SRO) residential hotel rooms. The owners have subdivided this parcel, allowing these rooms to be sold separately from the commercial component of the building. This allows a new owner to step in and operate a highly-upgraded residential hotel that will provide an excellent return without the complexities of managing commercial and retail tenants in our current economy. The property's occupancy rate is currently 53%, making this opportunity well-suited for non-profit organizations or operators that desire flexibility and control over selection of new tenants. The owners have spent approx. $2M on Capital Improvements. The property is being offered in conjunction with the adjacent 36 room SRO at 706 Kearny St. These assets can be purchased together or separately.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Pyramid Commons is 108 Single-Room Occupancy (SRO) residential hotel rooms. The owners have subdivided this parcel, allowing these rooms to be sold separately from the commercial component of the building. This allows a new owner to step in and operate a highly-upgraded residential hotel that will provide an excellent return without the complexities of managing commercial and retail tenants in our current economy. The property's occupancy rate is currently 53%, making this opportunity well-suited for non-profit organizations or operators that desire flexibility and control over selection of new tenants. The owners have spent approx. $2M on Capital Improvements. The property is being offered in conjunction with the adjacent 36 room SRO at 706 Kearny St. These assets can be purchased together or separately.
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