资产描述
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the rare opportunity to acquire the fee simple interest in 600 Townsend Street (“600 Townsend” or the “Property”), a 5-story Class A creative office asset located in the Design District that has never been brought to market.
The 209,801 SF (2017A BOMA) asset has undergone substantial renovations throughout the majority of the Property, including high-end creative improvements, significant solar project overhaul, modernized lobby, and outdoor patio/lounge. Currently 92% leased to SS&C Advent (NYSE:SSNC) and PagerDuty (NYSE:PD), the opportunity offers strong cash flow in the intermediate term, with limited near-term capital required.
600 Townsend offers an extremely rare acquisition opportunity with in-place cash flow and limited base building capital improvements needed in San Francisco’s transformative Design District submarket.
Address
- 600 Townsend Street San Francisco, CA 94103
Net Rentable Area
- 208,051 SF (As-Leased) / 209,801 SF (BOMA)
Stories
- Five (5)
Year Built
- 1989
Asset Type
- Creative Office
Occupancy
- 91.5%
Site Area
- 0.99 Acres
Typical Floor Plate
- 42,000 SF
Parking
- 159 Stalls
WALT
- 2.2 Years
属性
媒体
投资亮点
- Extremely rare acquisition opportunity - first time coming to market since development
- Positioned in the heart of the Design District which includes a diverse mix of creative office, design/showroom, lab, R&D, residential and retail uses
- Stable intermediate term in-place cash flow
- Leasing and business plan flexibility with very limited capital needed
- Over 3,200 new residential units delivered within the surrounding area over the past 10 years
- Immediate access to San Francisco transit network & staple San Francisco attractions (Chase Center & Oracle Park)
- Exceptional building features including a dramatic lobby, outdoor common areas and secure on-site parking
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