351 California
351 California Street, San Francisco, CA 94104
139,488 sf
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the rare opportunity to acquire the fee simple interest in 600 Townsend Street (“600 Townsend” or the “Property”), a 5-story Class A creative office asset located in the Design District that has never been brought to market.
The 209,801 SF (2017A BOMA) asset has undergone substantial renovations throughout the majority of the Property, including high-end creative improvements, significant solar project overhaul, modernized lobby, and outdoor patio/lounge. Currently 92% leased to SS&C Advent (NYSE:SSNC) and PagerDuty (NYSE:PD), the opportunity offers strong cash flow in the intermediate term, with limited near-term capital required.
600 Townsend offers an extremely rare acquisition opportunity with in-place cash flow and limited base building capital improvements needed in San Francisco’s transformative Design District submarket.
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