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 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.