559-567 Sutter St Between Powell & Mason San Francisco, CA 94102; Office Building For Sale; in San Francisco County; 28/28

investment information

For Sale Price:  For Sale
Sale Status:  Active
Days on Market:  100
Price/SF:  –
Sale Type:  Investment

investment notes

Offers Due by 5pm. PST, Tuesday, March 24, 2015

Starboard TCN Worldwide Commercial Real Estate, as exclusive advisor, is pleased to present the opportunity to acquire 559-567 Sutter Street located in San Francisco, California. The property is an outstanding opportunity for investors, developers and owner/users to purchase mixed-use retail and office building consisting of 17,595 (RBA 18,825) square feet located in Union Square.

Significant upside as existing leases roll for the new owner with potential delivery of approximately 84% vacancy during 2015. The property presents the investment community a unique value-add opportunity to capitalize on one of the strongest commercial markets in the United States.
Property Summary
The subject property is currently 100% leased to 4 tenants and has consistently maintained stabilized occupancy. Approximately 69% of the space is utilized as office and 31% of the rentable area is utilized as retail space.

The subject has a rentable building area of approximately 18,825 square feet and, according to public records, a total building area of 17,595 square feet

building information
Bldg Type:  Office
Bldg Status:  Built 1921 Class:  B
Total Avail:  0 SF
Elevators:  – RBA:  18,825 SF
Bldg Vacant:  0 SF
Core Factor:  –
Stories:  4
Typical Floor Size:  4,706 SF
Zoning:  C3R
Owner Type:  –
Const Type:  Masonry
Owner Occupied:  No
Building FAR:  3.04
Land Area:  0.14 AC