60 Spear St, San Francisco, CA, 94105-1506, US

60 Spear - 2023

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor is pleased to present the opportunity to acquire 60 Spear Street located in downtown San Francisco. 60 Spear is 37% leased and consists of 11 stories with creative office finishes, 14’-16’ slab-to-slab heights, and protected views of the San Francisco Bay, boasting clear competitive differentiation from its peer set and a “first-to-lease” business case. The property also sits less than a block from the Embarcadero BART station, San Francisco Metro/Muni, and the San Francisco Ferry Terminal, providing multiple transportation alternatives with immediate access to the broader Bay Area.

60 Spear offers immediate value-add potential via exceptional creative office space as well as short-term in-place cash flow to supplement business plan execution.

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Attributes

Building area Net

12,429 sm

Occupancy

38.00%

Year built

1967

Land area Net

0.18 ha (1,758 sm)

Number of units

1 units

Media

Investment highlights

Attractive basis for renovated asset
Significant discount to replacement cost
Exceptional creative office finishes
Epicenter of transportation hub (Transbay, Terminal, Embarcadero BART / Muni, Ferry Terminal)
Protected water views
Institutionally maintained with very limited near-term capital required