For Sale: 45-Unit SRO Hotel Leased to County of San Mateo
505 Cypress Avenue
South San Francisco, CA
Space: 12,587± SF Building (45 Units) on 7,680± SF Corner Parcel
Sale Price: $7,950,000
10-YEAR LEASED BY COUNTY - EXPIRING 2032
♦ Net leased, except for Fire Insurance and Real Property Taxes
♦ 3.5% Annua Rent increases
♦ Built in 1917
♦ This Project is a Collaboration Between the City of South San Francisco, Telecare Corporation and Behavioral Health and Recovery Services
♦ Located in the DRC – Downtown Residential Core Zoning Designation
♦ On Cypress Ave off Airport Blvd and Lux Ave, only 4.6 Miles Away from San Francisco Internationals
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