Portfolio

Investment Highlights

• SKB had a prior relationship with the seller and was able to complete due diligence in three weeks, which enabled it to win the auction without paying the highest price
• Identified a parking issue during due diligence and was able to renegotiate a lower price
• Revenue driven by multiple income sources creating a stable and diverse income stream
• SFGC is located in a transforming SOMA neighborhood located near three major highways. Substantial public and private new investment in the area is catalyzing a resurgence of gentrification activity
• SFGC was a well-known wholesale/retail asset that suffered from a lack of management oversight, minimal marketing and deferred maintenance. Opportunity to restore the property’s identity, reduce expenses and improve revenue by converting gift space to jewelry space at higher market rates as well as potentially use upper floors as office space for creative professionals
• Currently completing exterior facade upgrades and minor tenant improvements including new HVAC and restrooms
• In negotiations with the city to amend parking restrictions and change permitted use of upper floors from wholesale to office