679-685 Sutter Street , San Francisco , CA 94102; Sold Office Buildings; in San Francisco county

679-685 Sutter Street , San Francisco , CA 94102; Sold Office Buildings; in San Francisco county

Sale Information
Sale Status:	Sold
Sale Date:	03/31/2013
Sale Price:	$4,850,000 ($320.36/SF)
Cap Rate:	7.42% (At Time Of Listing)
Listing Price:	$4,950,000

Property Details
Property Type:	Office
Property Sub-type:	Office Building
Building Size:	15,139 SF
APN / Parcel ID:	0297-010

Property Description
679-685 Sutter Street is a three-story, office over retail building that is approximately 15,139 square feet. The building is located in the heart of San Francisco, just three blocks from Union Square. The top two floors are built out as office and are currently vacant. The second floor was recently renovated into an open floor plan and is in “move in” condition. The third floor has not been renovated and has more of a conventional layout of multiple offices. The ground floor is leased to Sugar Cafe and the entrance to the office space. The basement where the bar / nightclub The Cellar operates, has an entrance in the front of the building on Sutter Street. The Transfer Development Rights have been sold to a third party.

Property Description

679-685 Sutter Street is a three-story, office over retail building that is approximately 15,139 square feet. The building is located in the heart of San Francisco, just three blocks from Union Square. The top two floors are built out as office and are currently vacant. The second floor was recently renovated into an open floor plan and is in “move in” condition. The third floor has not been renovated and has more of a conventional layout of multiple offices. The ground floor is leased to Sugar Cafe and the entrance to the office space. The basement where the bar / nightclub The Cellar operates, has an entrance in the front of the building on Sutter Street. The Transfer Development Rights have been sold to a third party.