40 Jessie Street, San Francisco, CA, 94105, US

40 Jessie (Google Labs)

Description de l'actif

Jones Lang LaSalle Americas, Inc., (“JLL”), as exclusive advisor, is pleased to present the one-of-a-kind opportunity to acquire the fee simple interest in 40 Jessie (the “Property” or “40 Jessie”), a best-in-class 49,560 square foot mission critical lab facility in the heart of downtown San Francisco. The Property is 100% leased to Google (S&P: AA+) through 12/2030. The Property serves as Google’s only lab space in San Francisco and its Bay Area hub for the rapidly growing Platform and Devices division.

40 Jessie has benefited from approximately $11 million ($222 PSF) of capital investment from tenancy, and now boasts some of the premier lab space in downtown San Francisco.

40 Jessie offers investors the rare opportunity to acquire a prominent Google lab facility in a transit-oriented South Financial District location.

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Caractéristiques de l'actif

Surface de l'actif Net

4 604 m²

Occupation

100 %

Année de construction

2008

Année de rénovation

2017

Taille du terrain Brut

0,07 hectare

Média

Points clés d'investissement

MISSION CRITICAL LAB WITH OVER $11M INVESTED IN LAB, MECHANICAL, AND DISTRIBUTION
GOOGLE’S ONLY LAB SPACE IN SAN FRANCISCO
HIGH RENEWAL PROBABILITY DRIVEN BY SIGNIFICANT TENANT INVESTMENT, SPECIALIZED INFRASTRUCTURE, AND FULLBUILDING IDENTITY
RARE DOWNTOWN LAB OPPORTUNITY OFFERING SIGNIFICANT DISCOUNT TO MISSION BAY AND SOUTH SAN FRANCISCO
ABILITY TO BUY FULLY LEASED GOOGLE ASSET FOR SUB-$50M
GOOGLE’S SOLE BAY AREA HUB FOR GROWING PLATFORM AND DEVICES DIVISION
~40% LAB WITH REUSABLE IMPROVEMENTS AND GENERIC WET LAB INFRASTRUCTURE, ENHANCING LONG-TERM VALUE
PREMIER LAB SPACE IN TRANSITORIENTED SOUTH FIDI LOCATION ADJACENT TO SALESFORCE TRANSIT CENTER WITH IMMEDIATE ACCESS TO MARKET STREET