893 Folsom Street
San Francisco, CA South of Market Office Space >> San Francisco
Starboard TCN Worldwide, as an exclusive advisor, is pleased to present the opportunity to purchase 893 Folsom in San Francisco, located on the Folsom Street Corridor in SOMA. This asset is in an ideal centrally located from the up and coming Central Subway connecting CALTRAIN to BART. Currently divided into 3 separate suites, 893 Folsom provides an opportunity for an investor to diversify its tenant roster and adapt to potential tenants' needs. This property sits on an 8,500 square foot lot which also allows for future development for housing, office, mixed-use, hotel - the possibilities are endless.
PRICE UPON REQUEST
The property is listed without a sales price, offers will be taken as they come. Lease information is available with a signed Confidentiality Agreement.
Entire Building
Entire Building (893 Suite A, Suite B, and 188 Shipley)
Square Ft. Approx. 12,293 Total SF
Lot: Approx. 8,500 SF
Zoning: MUR
Height: 85 Ft/45 Ft on the back
General Highlights
Unprecedented location in the heart of SOMA
Strong lease with breather on a portion of the space and allows for immediate upside by releasing the additional two suites
Interest rates are near all-time lows
Future development opportunity down the road
893 Folsom Suite A
Tenant: Breather
Square Ft: +/- 3,942 SF
Lease Expiration: August 31st, 2023
Lease Rate: Upon Request
Suite A Highlights
Great window line at the front of the building
Roll-Up door
High ceilings w/track lighting
Private office/conference room
ADA accessible on the ground floor only
ADA Bathroom
Mezzanine - 2 private/conference rooms
Kitchenette - modern cabinetry center island cement polished floor
Ample natural light throughout
Original hardwood floors throughout
HVAC
893 Folsom Suite B
Tenant: VACANT
Square Ft: +/- 4,273 SF
Lease Rate: Negotiable
Suite B Highlights
Great window line at the front of the building
High ceilings w/track lighting
Mezzanine
Great natural light throughout building due to large skylights
188 Shipley Street
Tenant: VACANT
Square Ft: +/- 3,600 SF
Lease Rate: Negotiable
188 Shipley Highlights
Entire separate building
Newly renovated suite with polished concrete floors and new lighting
Open area on ground floor
1 Bathroom ground floor
2 Bathrooms on 2nd floor one with shower
Private office/conference room
Modern Kitchenette
Tiled entryway
Wood flooring ground floor area, stairway, and 2nd floor throughout
Development Opportunity
Initial studies indicate that YOU CAN BUILD APPROXIMATELY 51,120 SQUARE FEET ON THE PROJECT by right with an increase in size using the CA density bonus.
This allows for UP TO 70 UNITS ON SITE BY RIGHT WITH 100 OR MORE UNITS by instituting increased height depending on the size of each of the units.
Please consult an architect and land use attorney on this.
Highlights
- Square Ft.:
12,293
-
Sale Price :
Upon Request