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875 Post Street Offering Memorandum - pg. 1
Mult i fami ly Investment Opportunity | Downtown - San Francisco, CA
Offering Memorandum875 Post Street
Table of Contents
Showing Schedule
Call for Offers
Offering Summary ................................3-4
Financial Overview ...............................5-8
Financial Overview 2 ...........................9-10
Sales Comparables ...............................11
Property Photographs ..........................12-14
Floor Plans ............................................15
Amenities Map ......................................16
Public Transportation ...........................17
Location Map ........................................18
Aerial of Subject Property ...................19
- Tuesday July 17, 2018 | 9:00 AM - 10:30 AM
- Thursday July 19, 2018 | 11:00 AM - 12:00 PM
- Tuesday July 24, 2018 | 9:30 AM - 11:00 AM
- Thursday July 26, 2018 | 11:00 AM - 12:00 PM
To be determined.
Brad Lagomarsino | lic 01058500 +1 415 288 7847 | [email protected]
James Devincenti | lic 00951916 +1 415 288 7848 | [email protected]
Dustin Dolby | lic 01963487 +1 415 288 7869 | [email protected]
www.theDLTeam.com
Colliers International 101 2nd Street, 11th Floor San Francisco, CA 94105
875 Post Street Offering Memorandum - pg. 3
Offering Summary - OverviewColliers International is pleased to present 875 Post Street, San Francisco, CA for purchase. More commonly known as San Francisco Student Housing, this 50-unit SRO-Hotel provides short-term res-idency for over 135 students. The students of 875 Post Street are enrolled in many of the City’s finest schools including: San Francisco State University, Golden Gate University, Academy of Art University and local private coding programs.
With an array of different furnished rooms designed as doubles, triples, quads and apartment-style garden cottages; 875 Post offers flexible options for all students looking for off-campus housing. Students have access to a number of amenities such as fiber optics WIFI, a full kitchen, private study rooms, and bicycle storage.
The current ownership have done a fantastic job modernizing the building to meet the demands of today’s tenant housing. The building was upgraded with 1200 AMPs of power, four accessory dwelling units have been added in the basement of the property with GE appliances and a brand new security system was installed throughout the premises.
Superiorly located in Downtown San Francisco, 875 Post Street provides easy access to the FIDI, Union Square and all local public transportation. For the investor, this is an unprecedented opportunity to acquire a well-maintained asset in the heart of San Francisco’s Downtown District.
875 Post Street Offering Memorandum - pg. 4
Property InformationAddress: 875 Post Street, San Francisco, CA 94109
District: Downtown
Property Type: SRO-Hotel
APN: 0303-014
Building Square Feet: 18,382 square feet
Lot Size: 4,726 square feet
Floors: 4
Constructed: 1911
Zoning: RC-4
Property InformationUnit Mix: 46-Units (Doubles, Triples, Quads) 4
Apartment Style Cottages - 13 private bathrooms & 11 common area bathrooms
Kitchens: Wood cabinetry (ample storage)
Corian counters and preparation area
Large single basin sinks
GE stoves & ovens
GE fridge over freezer
GE dishwasher & microwave
Garbage disposal
Bathrooms: Corian counters
Tile bath surrounds
Wood sink cabinetry
Tub-shower Combination / glass doors
Tub-shower combinations
Bedrooms: Carpeted floors
Ample sized bedroom areas
Ample closest space (available in some units)
Abundance of natural light
Living Room Area: Carpeted
Ample electrical outlets
Shared desk space for studying
Building SystemsFoundation: Cast-in-place reinforced concrete
Structure: Cast-in-place reinforced concrete
Soft Story: Building is in compliance with the soft-story ordinance
Façade: Concrete
Roof System Rolled Composite Roof System (10+ years)
Electrical Service: 1200 Amp / 3 Phase power (master metered)
Gas Service: Master metered
Fire Protection System: Hard-Wired Smoke Detection System in Common Areas (Battery Operated CO2/Smoke detectors in apartments)
Heat Source: Steam heat
Water Heater: LAARS - two 119 gallon water boilers
Common Area Lights: Timing system
Plumbing: Mixture of copper & galvanized plumbing
Circuit Breakers: Apartments and at main service
Offering Summary - Property Details
Common AreasDoor Entry System: Buzzer system
Entrance: Tiled entry
Lobby Flooring: Carpet
Lobby Lighting: Decorative lighting system
Landing Areas & floors: Carpeted
Garbage: Bins in Tradesman Alley
Laundry: None on premises
875 Post Street Offering Memorandum - pg. 5
Annual Operating Expenses Current Proforma Property Taxes $106,679 $106,679
Special Assessment Tax $1,600 $1,600
Operating Expenses $92,156 $92,156
Insurance $13,812 $13,812
Payroll Wages & Taxes $272,366 $272,366
Utilities $93,314 $93,314
Marketing $36,001 $36,001
Professional Services $6,888 $6,888
Total Operating Expenses $622,816 $622,816
Financial Overview875 Post Street, San Francisco, CA 94109
Financial SummarySale Price $9,100,000
Down Payment $3,100,000
Number of Units 50
Price/Unit $182,000
Gross Square Feet 18,382
Price/Square Foot $495
CAP Rate-Current 5.86%
CAP Rate-Pro Forma 8.63%
GRM-Current 7.08
GRM-Pro Forma 5.81
Year Built 1911
Lot Size 4,726
Annual Gross Income Current Proforma Gross Potential Income $1,284,828 $1,564,920
Vacancy (10%) $128,483 $156,492
AGI $1,156,345 $1,408,428
Expenses $622,816 $622,816
NOI $533,529 $785,612
FinancingLoan Amount $6,000,000
Loan Type Proposed New
Interest Rate 6.00%
Program 5/30 Year Fixed
Loan to Value 66%
78%
Cash Flow After Debt Service Current ProformaLess Debt Service $431,676 $431,676
Cash Flow $101,852 $353,935
Cash on Cash Return 3.29% 11.42%
Expenses as % of Gross 48% 40%
Expenses per Unit $12,456 $12,456
Current ProformaExpenses as % of Gross Income 48% 40%
Expenses per Unit $12,456 $12,456
Loan Quote: Fixed for 5 years with another 5 year option to reset (10 year term) at 6:00% - Sterling Bank - July 2018 (Loan is time sensitive & subject to change)
875 Post Street Offering Memorandum - pg. 6
Financial Overview (cont.)875 Post Street, San Francisco, CA 94109
Unit No. Unit Type Current Rent Market Rent Move In Date*101 D. Quad Lower Bunk $790 $800 5/30/2018*101 D. Quad Upper Bunk $605 $650 5/16/2018*101 D. Quad Lower Bunk $800 $800 VACANT*101 D. Quad Upper Bunk $625 $650 1/2/2018102 S. Double Lower Bunk $710 $1,055 8/22/2015102 S. Double Lower Bunk $855 $1,055 1/6/2018201 Quad Lower Bunk $675 $775 1/26/2018201 Quad Upper Bunk $605 $750 8/28/2017201 Quad Lower Bunk $675 $775 4/17/2018201 Quad Upper Bunk $750 $750 VACANT202 Triple Lower Bunk $695 $1,080 4/9/2016202 Triple Upper Bunk $925 $925 VACANT202 Triple Upper Bunk $755 $925 4/10/2018203 Triple Lower Bunk $695 $1,080 6/21/2017203 Triple Upper Bunk $925 $925 VACANT203 Triple Upper Bunk $675 $925 5/19/2018204 Triple Lower Bunk $695 $1,080 9/23/2017204 Triple Upper Bunk $675 $925 1/6/2018204 Triple Upper Bunk $695 $925 5/21/2016*205 Private Room $500 $1,750 12/31/2014206 S. Double Lower Bunk $895 $1,055 5/31/2018206 S. Double Upper Bunk $1,055 $1,055 6/1/2018207 Quad Lower Bunk $775 $775 5/16/2018207 Quad Upper Bunk $750 $750 5/11/2018207 Quad Lower Bunk $595 $775 8/1/2015207 Quad Upper Bunk $650 $750 5/26/2018208 S. Double Lower Bunk $725 $1,055 4/2/2017208 S. Double Upper Bunk $855 $1,055 5/15/2018*209 Private Room $500 $1,750 9/1/2013210 S. Double Lower Bunk $855 $1,055 8/13/2015210 S. Double Upper Bunk $705 $1,055 5/31/2018211 S. Double Lower Bunk $895 $1,055 8/23/2017211 S. Double Upper Bunk $855 $1,055 7/14/2017*301 Private Room $1,750 $1,750 6/1/2018302 S. Triple Lower Bunk $755 $1,080 3/1/2018302 S. Triple Upper Bunk $925 $925 6/2/2018302 S. Triple Upper Bunk $725 $925 1/6/2018303 S. Double Lower Bunk $895 $1,055 6/1/2018303 S. Double Upper Bunk $855 $1,055 9/30/2017304 Triple Lower Bunk $1,080 $1,080 VACANT304 Triple Upper Bunk $650 $925 3/26/2018304 Triple Upper Bunk $675 $925 8/4/2017305 S. Double Lower Bunk $895 $1,055 3/5/2018305 S. Double Upper Bunk $1,055 $1,055 VACANT306 S. Double Lower Bunk $895 $1,055 8/19/2017306 S. Double Upper Bunk $1,055 $1,055 VACANT307 Triple Lower Bunk $695 $1,080 3/15/2017307 Triple Upper Bunk $675 $925 3/1/2018307 Triple Upper Bunk $755 $925 4/20/2018
Rent Roll
875 Post Street Offering Memorandum - pg. 7
Financial Overview (cont.)875 Post Street, San Francisco, CA 94109
Rent Roll Unit No. Unit Type Current Rent Market Rent Move In Date308 Triple Lower Bunk $695 $1,080 11/6/2017308 Triple Upper Bunk $925 $925 VACANT308 Triple Upper Bunk $925 $925 VACANT309 Triple Lower Bunk $490 $1,080 9/16/2017309 Triple Upper Bunk $675 $925 6/1/2018309 Triple Upper Bunk $675 $925 9/16/2017310 Triple Lower Bunk $490 $1,080 7/2/2014310 Triple Upper Bunk $755 $925 6/1/2018310 Triple Upper Bunk $490 $925 9/12/2014311 S. Double Lower Bunk $925 $1,055 7/5/2017311 S. Double Upper Bunk $855 $1,055 7/3/2017312 Quad Lower Bunk $775 $775 VACANT312 Quad Upper Bunk $605 $750 8/25/2017312 Quad Lower Bunk $675 $775 6/1/2018312 Quad Upper Bunk $750 $750 VACANT*313 Triple Lower Bunk $975 $1,080 12/15/2017*313 Triple Upper Bunk $925 $925 VACANT*313 Triple Upper Bunk $925 $925 VACANT*314 Private Room $1,550 $1,750 12/6/2017315 S. Double Lower Bunk $625 $1,055 7/28/2017315 S. Double Lower Bunk $705 $1,055 8/22/2016316 S. Double Lower Bunk $695 $1,055 5/1/2018316 S. Double Upper Bunk $1,055 $1,055 VACANT401 S. Triple Lower Bunk $695 $1,080 10/1/2016401 S. Triple Upper Bunk $725 $925 5/1/2018401 S. Triple Upper Bunk $775 $925 9/26/2017402 S. Triple Lower Bunk $955 $1,080 6/1/2018402 S. Triple Upper Bunk $825 $925 5/29/2018402 S. Triple Upper Bunk $775 $925 5/21/2018*403 S. Triple Lower Bunk $1,080 $1,080 3/10/2018*403 S. Triple Upper Bunk $950 $925 12/30/2017*403 S. Triple Upper Bunk $925 $925 VACANT404 Loft Double Upper Bunk $900 $950 4/30/2018404 Loft Double Upper Bunk $925 $950 11/11/2017*405 Private Room $500 $1,750 9/1/2013406 S. Double Lower Bunk $895 $1,055 1/5/2018406 S. Double Upper Bunk $995 $1,055 5/26/2018407 Triple Lower Bunk $1,080 $1,080 VACANT407 Triple Upper Bunk $925 $925 VACANT407 Triple Upper Bunk $490 $925 11/1/2016408 Triple Lower Bunk $695 $1,080 9/29/2017408 Triple Upper Bunk $925 $925 VACANT408 Triple Upper Bunk $675 $925 10/4/2017409 Triple Lower Bunk $895 $1,080 4/20/2018409 Triple Upper Bunk $675 $925 5/12/2017409 Triple Upper Bunk $755 $925 5/14/2018410 Triple Lower Bunk $695 $1,080 6/24/2016410 Triple Upper Bunk $755 $925 1/2/2018410 Triple Upper Bunk $955 $925 6/2/2018
875 Post Street Offering Memorandum - pg. 8
Financial Overview (cont.)875 Post Street, San Francisco, CA 94109
Rent Roll
Units135 - Beds
27 - Vacant Beds
Unit No. Unit Type Current Rent Market Rent Move In Date411 S. Double Lower Bunk $725 $1,055 5/31/2018411 S. Double Upper Bunk $855 $1,055 1/3/2018412 Quad Lower Bunk $675 $775 4/30/2018412 Quad Upper Bunk $750 $750 VACANT412 Quad Lower Bunk $675 $775 3/1/2018412 Quad Upper Bunk $750 $750 VACANT
*413 D. Double Lower Bunk $980 $1,055 3/9/2018*413 D. Double Upper Bunk $1,050 $1,055 5/19/2018414 Loft Double Upper Bunk $900 $950 1/27/2018414 Loft Double Upper Bunk $950 $950 5/28/2018415 S. Double Lower Bunk $895 $1,055 4/4/2018415 S. Double Upper Bunk $855 $1,055 4/19/2018416 Private Room $493 $1,750 9/1/20131A Lower Bunk $695 $850 2/2/20181B Upper Bunk $825 $825 VACANT1C Lower Bunk $755 $850 5/31/20181D Upper Bunk $675 $825 7/3/20171E Lower Bunk $695 $850 1/2/20181F Upper Bunk $825 $825 VACANT
*1G Upper Bunk $825 $825 2/21/20182A Lower Bunk $695 $855 8/8/20172B Upper Bunk $725 $725 4/2/20182C Lower Bunk $755 $855 12/27/20172D Upper Bunk $695 $725 5/1/20182E Lower Bunk $855 $855 5/27/20182F Upper Bunk $725 $725 3/28/20182G Lower Bunk $675 $855 6/2/2018*2I Upper Bunk $695 $725 4/1/20173A Lower Bunk $995 $995 6/1/20183B Upper Bunk $675 $800 12/15/20173C Lower Bunk $996 $995 VACANT3D Upper Bunk $800 $800 VACANT
*3F Upper Bunk $675 $800 8/16/20174A Lower Bunk $795 $795 5/26/20184B Upper Bunk $700 $700 VACANT4C Lower Bunk $695 $795 8/25/2016
*4D Upper Bunk $700 $700 VACANT$107,069.00 $130,410.00
Total Monthly Income $107,069 $130,410
$1,284,828 $1,564,920 Upside 32%
Notes*Units with private bathrooms (total of 13 private bathrooms)
11 common area bathrooms
875 Post Street Offering Memorandum - pg. 9
Expenses Based on Long Term Apartment Housing Property Taxes Based on 1.1723% of Price $106,679
Special Assessment Tax Estimated at 1.5% of Taxes $1,600
Insurance Based on 2018 P&L $13,812
Onsite Management Based on $3000 per month $36,000
Property Management Based on 6% of Gross Income $63,072
Water Based on $65 per Unit per Month $39,000
PG&E Based on $85 per Unit per Month $51,000
Garbage Based on $50 per Unit per Month $30,000
Reserves Based on $500 per Unit $25,000
Repairs & Maintenance Based on $500 per Unit $25,000
Total Operating Expenses $391,163
Expenses as % of Gross Income 37%Expenses per Unit $7,823
Cash Flow After Debt ServiceLess Debt Service $370,265
Cash Flow $252,979
Cash on Cash Return 7.94%
Expenses as % of Gross 37%
Expenses per Unit $7,823
Financial Overview 2875 Post Street, San Francisco, CA 94109
Financial SummaryPrice $9,100,000
Down Payment $3,185,000
Number of Units 50
Price/Unit $182,000
Gross Square Feet 18,382
Price/Square Foot $495
CAP Rate 6.85%
GRM 8.66
Year Built 1911
Lot Size 4,726
Annual Gross IncomeGross Potential Income $1,051,200
Vacancy (3.5%) $36,792
AGI $1,014,408
Expenses $391,163
NOI $623,245
FinancingLoan Amount $5,915,000
Loan Type Proposed New
Interest Rate 4.75%
Program 5 Year Fixed
Loan to Value 65%
Loan Quote: TBD
Financial Summary based on Long Term Apartment Housing
875 Post Street Offering Memorandum - pg. 10
Financial Overview (cont.)875 Post Street, San Francisco, CA 94109
Alternative Management Rent Roll
Units46 - Studio/Efficiency
4 - Cottages
Unit Unit Type Rent at Conversion
101 Studio/Efficiency/private bath $1,600
102 Studio/Efficiency $1,600
201 Studio/Efficiency $1,600
202 Studio/Efficiency $1,600
203 Studio/Efficiency $1,600
204 Studio/Efficiency $1,600
205 Studio/Efficiency/private bath $1,600
206 Studio/Efficiency $1,600
207 Studio/Efficiency $1,600
208 Studio/Efficiency $1,600
209 Studio/Efficiency/private bath $1,600
210 Studio/Efficiency $1,600
211 Studio/Efficiency $1,600
301 Studio/Efficiency/private bath $1,600
302 Studio/Efficiency $1,600
303 Studio/Efficiency $1,600
304 Studio/Efficiency $1,600
305 Studio/Efficiency $1,600
306 Studio/Efficiency $1,600
307 Studio/Efficiency $1,600
308 Studio/Efficiency $1,600
309 Studio/Efficiency $1,600
310 Studio/Efficiency $1,600
311 Studio/Efficiency $1,600
312 Studio/Efficiency $1,600
NotesRent roll based on operating 875 Post as long-term apartment housing. This will allow the buyer to reduce overhead expenses while maintaining similar income; ultimately resulting in an increased ROI.
The building has 13 private bathrooms & 11 shared common bathrooms
Unit Unit Type Rent at Conversion
313 Studio/Efficiency/private bath $1,600
314 Studio/Efficiency/private bath $1,600
315 Studio/Efficiency $1,600
316 Studio/Efficiency $1,600
401 Studio/Efficiency $1,600
402 Studio/Efficiency $1,600
403 Studio/Efficiency/private bath $1,600
404 Studio/Efficiency $1,600
405 Studio/Efficiency/private bath $1,600
406 Studio/Efficiency $1,600
407 Studio/Efficiency $1,600
407 Studio/Efficiency $1,600
408 Studio/Efficiency $1,600
409 Studio/Efficiency $1,600
410 Studio/Efficiency $1,600
411 Studio/Efficiency $1,600
412 Studio/Efficiency $1,600
413 Studio/Efficiency/private bath $1,600
414 Studio/Efficiency $1,600
415 Studio/Efficiency $1,600
416 Studio/Efficiency $1,600
1G 2 Bedroom Cottage/private bath $4,000
2I 2 Bedroom Cottage/private bath $4,000
3F 1 Bedroom Cottage/private bath $3,000
4D 1 Bedroom Cottage/private bath $3,000
$87,600.00
Total Monthly Income $87,600
Annual Income $1,051,200
Rent Roll based on Long Term Apartment Housing
Address: 3141-3143 16th Street
District: Mission Dolores
Property Type: SRO-Hotel
Rooms: 22
Price per Room: $159,000
Price per Square Foot: $731
Cap Rate: 5.50%
Built: 1907
Address: 201-205 9th Street
District: SOMA
Property Type: SRO-Hotel
Rooms: 33
Price per Room: $230,000
Price per Square Foot: $680
Cap Rate: 5.00%
Built: 1907
875 Post Street Offering Memorandum - pg. 11
Sales Comparables875 Post Street, San Francisco, CA 94109
Address: 580 O’Farrell Street
District: Downtown
Property Type: SRO-Hotel
Rooms: 70
Price per Room: $207,000
Price per Square Foot: $643
Cap Rate: 6.00%
Built: 1911
875 Post Street Offering Memorandum - pg. 12
875 Post Street Offering Memorandum - pg. 13
875 Post Street Offering Memorandum - pg. 14
875 Post Street Offering Memorandum - pg. 15
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- ZACHARY -NATHANARCHI --r-1 ECT
AIA I
1108-C BRYANT STREET SAN FRANCISCO, CA, 94103
- PHONE 415.701.0877 -
875 POST STREET SAN FRANCISCO, CALIFORNIA
REVISIONS: NO.
DATE REVISION
BY
SHEET TITLE:
ROO
M DIM
ENSIO
NS
SCALE: AS N
OTED
SHEET NO.
DATE: 12-14-17
DRAWN BY:
SG
CHECKED BY:
ZN
JOB NO. 601
OF SHE
ETS
Tycoon Thai Restaurant Brenda’s French Soul Food Trader Joe’s First Republic Bank
Kim Thanh Restaurant Mensho Tokyo SF You Say Tomato Chase Bank
Shalimar Restaurant Edinburgh Castle Pub Whole Foods Wells Fargo
Tratto Farm Table Halal Green Apple Market US Bank
Borobudur Restaurant Ryoko’s Japanese Restaurant Enoteca Vino Nostro Union Bank
Liholiho Yacht Club Sanraku Super Mira-Japanese Grocery
Lers Ros Del Popolo
Kin Khao Hogwash
The Big 4 Katana Ya
Mr. Holmes Bakehouse
875 Post Street Offering Memorandum - pg. 16
Restaurants & Bars Convenience & Grocery Stores Banks & ATM’sX X X
Amenities
1
3
4
5
6
7
8
10
2
9
20
21
22
23
24
25
26
27
28
29
30
Neighborhood Amenities
11
13
14
15
16
17
18
12
19
+
CaliforniaPacific
Medical Center
+St Francis Memorial Hospital
22
20
23
24
Subject Property875 Post St
2126
28
27
29
301
34
56
78
10
2
9
11
13
1415
1617
18
1219
25
28
875 Post Street, San Francisco, CA 94109
875 Post Street Offering Memorandum - pg. 17
Bart / Muni
WITH IMMEDIATE ACCESS TO ONE OF THE NATION’S BEST PUBLIC TRANSIT SYSTEMSThe area around 875 Post Street offers an extensive transportation network which ensures superior regionalaccess throughout San Francisco and the surrounding Bay Area. Atlantic Cities’ “Access Across America, Transit2014” ranked San Francisco second only to Manhattan for public transit efficiency, based on how many jobs aresident can access within a 10 to 30 minute commute during the morning rush hours of 7am to 9am. 875 PostStreet is within walking distance of a variety of public transit systems, including the Civic Center/UN Plaza BayArea Rapid Transit System (BART) station, the underground MUNI, and street-level rail—all in addition to a varietyof San Francisco’s caravan of ‘Tech Shuttles’ moving busloads of Google, Genentech, Facebook, and Appleemployees from their homes in San Francisco to their job centers in Silicon Valley.
Muni Rapid Bus Service
Public Transportation875 Post Street, San Francisco, CA 94109
31 38272
v
Subject Property875 Post St
CALIFORNIA
K MLJ N 38R9R
875 Post Street Offering Memorandum - pg. 18
Location875 Post Street, San Francisco, CA 94109
N
Subject Property875 Post St
Subject Property875 Post St
875 Post Street Offering Memorandum - pg. 19
Confidentiality & Disclaimer StatementThis Offering Memorandum contains select information pertaining to the business and affairs of the Property at 875 Post Street San Francisco, CA 94109. It has been prepared by Colliers International. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers International. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by 875 Post Street from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.
By acknowledging your receipt of this Offering Memorandum from 875 Post Street you agree:
1) The Offering Memorandum and its contents are confidential;
2) You will hold it and treat it in the strictest of confidence; and
3) You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.
Owner and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.
If you wish not to pursue negotiations leading to the acquisition of 875 Post Street or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.
A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.
This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date of this Offering Memorandum.
Aerial Map875 Post Street, San Francisco, CA 94109
Subject Property875 Post St
www.theDLTeam.com
Offering Memorandum875 Post Street
Mult i fami ly Investment Opportunity | Downtown - San Francisco, CA
James Devincenti | lic 00951916+1 415 288 7848 | [email protected]
Brad Lagomarsino | lic 01058500+1 415 288 7847 | [email protected]
Dustin Dolby | lic 01963487 +1 415 288 7869 | [email protected]