333 Valencia (County of San Francisco)

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 333 Valencia Street (“333 Valencia” or the “Property”), a fully renovated, premier office asset situated in San Francisco’s vibrant Mission District, anchored by the City & County of San Francisco (S&P: AA+).

The City & County of San Francisco’s Department of Public Health occupies 80% of the Property on a NNN basis, with approximately 10.5 years remaining on their lease term, providing robust income security and a significant premium to the effective yield of 10-year AA+ corporate bonds.

333 Valencia is strategically located in the thriving and culturally diverse Mission District submarket, within a 5-minute walk to the 16th Street Mission BART Station. Its proximity to Highway 101 and a nearby on-ramp offers tenants convenient access for commuting from the Peninsula and East Bay. 

In recent years, ownership has invested $19.6 million towards core and shell capital expenditures, $2.8 million for tenant improvements, and the City has invested an additional $6.4 million in the space. These enhancements include a comprehensive seismic upgrade that exceeds the City of San Francisco’s stringent requirements for employee-occupied buildings along with installation of new PG&E electrical service, modernization of mechanical, electrical, plumbing, and fire safety systems, a new roof membrane overlay, installation of two new elevators and exit stairs, renovation of core and shell restrooms, refurbishment of the entry and elevator lobbies, and the addition of a new bike room and site improvements. 

333 Valencia offers the rare opportunity to acquire a long-term leased creative office asset in the heart of the Mission District.