$94.8 Million Non-Performing Office Loan | Oakland, CA
US - Oakland, Americas
25,821 m²
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the rare opportunity to acquire the fee simple interest in 631 Howard Street (“631 Howard” or the “Property”), a 100% leased 5-story boutique Class A creative office asset located in the heart of the South Financial District.
The 108,786 SF asset offers differentiated product with best-in-class creative office space, open floor plans, modern finishes, and abundant natural light. The Property’s unique first floor consists of soaring ceiling heights with interconnected stair and light wells to the lower level and second floor. Currently 100% leased to SC Johnson & Son (Fitch: BBB+) and Finix through 9/30/2025, 631 Howard offers immediate cash flow upon acquisition with significant upside opportunity and business plan flexibility.
631 Howard offers a rare opportunity to acquire a 100% leased, fully renovated creative office asset with best-in-class office finishes in the heart of San Francisco’s South Financial District.
...
Attributes
Building area net
10,107 m²
Occupancy
100%
Year built
1929
Media
Investment Highlights
- TOP QUALITY CREATIVE OFFICE SPACE WITH OPEN FLOOR PLANS, NATURAL LIGHT, AND EXPOSED CEILINGS
- 100% LEASED THROUGH 9/2025 WITH ~$5.6M ($50 PSF) IN REMAINING CASH FLOW FROM IN-PLACE TENANCY
- INSTITUTIONALLY MAINTAINED WITH VERY LIMITED NEAR-TERM CAPITAL REQUIRED
- ATTRACTIVE BASIS FOR FULLY RENOVATED ASSET
- LOCATED IN A BULLSEYE SOUTH FINANCIAL DISTRICT LOCATION BOASTING THE STRONGEST LEASING DEMAND IN SAN FRANCISCO
- EASY ACCESS TO SAN FRANCISCO’S TRANSIT NETWORK WITH PROXIMITY TO SF TRANSBAY CENTER, BART, CALTRAIN, US-101 & I-280
Contact brokers
631 Howard (0 Properties)
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
25 Apr 2024
