3850 SE Three Mile
US - McMinnville, OR
€4,666,000 | 2,309 sm
Asset description
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor is pleased to present the opportunity to acquire 60 Spear Street located in downtown San Francisco. 60 Spear is 37% leased and consists of 11 stories with creative office finishes, 14’-16’ slab-to-slab heights, and protected views of the San Francisco Bay, boasting clear competitive differentiation from its peer set and a “first-to-lease” business case. The property also sits less than a block from the Embarcadero BART station, San Francisco Metro/Muni, and the San Francisco Ferry Terminal, providing multiple transportation alternatives with immediate access to the broader Bay Area.
60 Spear offers immediate value-add potential via exceptional creative office space as well as short-term in-place cash flow to supplement business plan execution.
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Attributes
Building area Net
12,429 sm
Occupancy
38.00%
Year built
1967
Land area Net
0.18 ha (1,758 sm)
Number of units
1 units
Media
Investment highlights
- Attractive basis for renovated asset
- Significant discount to replacement cost
- Exceptional creative office finishes
- Epicenter of transportation hub (Transbay, Terminal, Embarcadero BART / Muni, Ferry Terminal)
- Protected water views
- Institutionally maintained with very limited near-term capital required
Contact brokers
60 Spear - 2023 (0 Properties)
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Last updated
May 24, 2023
