244 Jackson Street_Property for Sale
244 Jackson Street_Property for Sale
244 Jackson St, San Francisco, CA, 94111-1826, US

244 Jackson Street

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 244 Jackson Street (“244 Jackson” or the “Property”), an irreplaceable boutique creative office and retail asset located in Jackson Square, San Francisco’s most coveted office submarket. 244 Jackson presents a rare opportunity to invest in a highly-improved mixed-use asset in one of most supply constrained submarkets of San Francisco.


The 30,087 square foot, four-story plus lower level building was originally constructed in 1913 and underwent substantial renovations in 1998 and 2010 to create an impressive high-quality asset with features catering to a wide variety of tenants.


Prominently located in the heart of Jackson Square, the Property is currently 64.5% leased, providing near term cash flow with the ability to further upgrade the asset to bolster occupancy and rental rates. Recently renovated boutique creative assets are achieving record high rents in this submarket as tenant demand for similar products increases.


244 Jackson offers a rare mixed-use opportunity in an A+ Jackson Square location with near term cash flow and an immediate value add opportunity via strategic upgrades.

...

Attributes

Building area gross
30,087 sf
Occupancy
64.5%
Year built
1913
Year renovated
2010

Media

Investment highlights

  • Highly coveted 'Bullseye' Jackson Square Location
  • High-end 'Boutique Creative' aesthetic
  • Critical mass of Venture Capital tenancy
  • Strong Historic Submarket fundamentals and continued dominance with record asking rents
  • Prime restaurant space with significant recent capital improvements
  • Side-core configuration with single-tenet identity
  • Seismic upgrades
  • Walkable to public transit and amenities
244 Jackson Street 4_Property for Sale
244 Jackson Street 4_Property for Sale

Contact brokers

244 Jackson Street (0 Properties)

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Last updated
Jun 13, 2024