101 Mississippi St , San Francisco , CA 94107; Sold Office Buildings; in San Francisco county
|Sale Price:||$3,860,000 ($241.25/SF)|
|Cap Rate:||6.04% (At Time Of Listing)|
|APN / Parcel ID:||
This is a fully leased commercial loft style corner office building located in the heart of Potrero Hill adjacent to Mission Bay. The building has been fully renovated and most rents are below current market rates. The building is 16,000 sqft on 2 floors and features plenty of light, easy freeway access and is within a block of several development projects within a block of 101 Mississippi Street making it’ s way the San Francisco’ s planning process. These include 1200 17th Street ( northwest corner of 17th and Mississippi Streets) which is 200 residential units, 901 16th Street (southwest corner of 16th and Mississippi Streets) which is a 5 story medical office building which is being built by Kaiser Permanente and 1000 16th Street( northwest corner of 16th and Mississippi Streets) which is 450 residential units with26,000 sqft of retail space and 600 underground parking spaces.