• Outstanding opportunity to acquire one of San Francisco’s premier landmark office properties, 114 Sansome Street, a Class A, 186,785 r.s.f. office and retail space.
• Prominently situated in San Francisco’s Financial District, the property is 84.5 percent leased with in-place rents over 25 percent below market.
• The LEED Gold certified property recently received a comprehensive renovation of building systems and common areas since 2000 with 75 percent of the building converted to “creative” space.
• Retail is anchored by a 17-year NNN lease to Walgreens and the property is enhanced by its superior transportation access.
• Pricing: ~USD 95-100 million (USD 500-535 psf), which equates to an initial yield of 5 percent and stabilized yield around 7 percent in year four.
• Offering the combination of landmark asset quality, outstanding income stream security and an excellent location in one of the premier investment markets in the world, 114 Sansome Street is a unique attractive investment opportunity.
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