351 California Street, San Francisco, CA 94104

351 California

Asset Description

Jones Lang LaSalle Americas, Inc (“JLL”) as exclusive advisor is pleased to present the lender facilitated opportunity to acquire one of the city’s most distinguished historic office buildings, 351 California Street (“351 California” or the

“Property”).

Well-positioned at the corner of California and Sansome Street, this landmark building offers unparalleled access to the city’s vibrant amenities and transit options.

351 California boasts historic charm with modern amenities, reimagined to appeal to today’s tenants. The 16-story building with ground floor retail boasts high-end creative finishes and abundant amenities including a new penthouse tenant event center, locker room facilities, and bike storage.

As the San Francisco office market continues to rebound, 351 California offers investors the compelling opportunity to acquire a prominent asset at a significant discount to replacement cost and historical pricing levels with tremendous upside through lease-up and strategic upgrades.

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Attributes

Building area net

12,959 m²

Occupancy

53%

Year built

1920

Year renovated

2015

Number of floors

Media

Investment Highlights

One of San Francisco's most prominent historic office buildings
Compelling basis at a substantial discount to historic pricing and replacement cost
Impeccably maintained to institutional standards
Prime CBD Retail location with placemaking potential
~$8.2M ($60 PSF) invested by ownership from 2015+
Iconic California Street address with exceptional connectivity and transit access
Unmatched corner presence on California & Sansome Street