40 Jessie_Property for Sale
40 Jessie_Property for Sale
40 Jessie Street, San Francisco, CA, 94105, US

40 Jessie

Asset Description

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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Attributes

Building area net
49,560 sf
Occupancy
100%
Year built
2008
Year renovated
2017
Land area gross
0.16 acres

Media

Investment Highlights

  • 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
40 Jessie 4_Property for Sale
40 Jessie 4_Property for Sale

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40 Jessie (0 Properties)

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Last updated
23 Jan 2025