San Francisco – Office For Sale

San Francisco – Office For Sale

604 Mission Street, San Francisco, CA 94105

26,794 SF
Office For Sale
Price Not Disclosed


Office Property For Sale

Price Price Not Disclosed Cap Rate 6.14%
Building Size 26,794 SF Building Class A
Property Type Office Tenancy Multiple
Property Sub-type Office Building Lot Size 2,700 SF
Property Use Type Investment
Listing ID: 19696057 Date Created: 03/21/2016 Last Updated: 04/18/2016



1.0% fee to Buyer’s broker


604 Mission Street presents an opportunity for an investor to acquire a fully renovated trophy creative space building in San Francisco’s South Financial District – one of the most sought-after and dynamic office submarkets in the United States. The 26,794 rentable square foot building stands eleven floors over a finished basement.  The property is leased to a mix of tenants including The Bancorp Bank, Shuddle and Eniac Ventures.

The Property will be 100% leased with a projected $1.59M net income in the first year and no scheduled rollover until 2018. Due to the $3.95 million ($147 per sq.ft.) capital and tenant improvements completed in 2015-2016 buyers can project very little capital or leasing costs in the near future. Improvements includ ed painting and water proofing the façade, elevator modernization, structural improvements, new fire sprinkler system and distribution, new restrooms, roof repairs and new tenant improvements on all floors.

604 Mission Street is located in San Francisco’s South Financial District on the Second Street Corridor. The SFD is recognized as the premier office submarket in San Francisco and consistently outperforms all other office submarkets in the City. The Second Street Corridor consistently achieves the highest office rents in the City for creative space.

Map of 604 Mission St, San Francisco, CA 94105, USA