NBA Superstar Steph Curry Acquires $8.5M Vacant Office in San Francisco

Golden State Warriors star Stephen Curry has made a significant investment in San Francisco’s Dogpatch neighborhood, purchasing a vacant office building for $8.5 million. The property, located at 600 20th St., is close to the Chase Center, where the Warriors play. This purchase price is significantly higher than its last sale in 2021, reflecting Curry's confidence in the area’s potential.

Lack of Recent Office Sales

According to data from Real Capital Analytics and JLL, there have been no office sales in the Mission Bay or Dogpatch areas over the past two years. The transaction was brokered by Touchstone Commercial Real Estate Partners, who did not comment on the sale.

Plans for Redevelopment

The San Francisco Planning Department has received a request to demolish the existing two-story building and replace it with a five-story, 25,000 square foot mixed-use structure. The new building will include lab, office, and residential spaces, significantly increasing the utility of the site.

Relocation of Thirty Ink

Curry intends to move his business enterprise, Thirty Ink, from its current location in SoMa to the new Dogpatch site. Thirty Ink encompasses a range of brands in athletics, lifestyle, technology, and philanthropy. This move aims to contribute to the revitalization of Dogpatch, a neighborhood that has struggled during the pandemic.

Impact on Dogpatch Revitalization

The Dogpatch area is near the significant Pier 70 redevelopment, which will feature between 1,100 and 2,150 residential units, retail spaces, and 90,000 square feet of art facilities and studios. Additionally, the new property is opposite Restoration Hardware, which recently occupied the historic Bethlehem Steel building.

Market Outlook

Scott Mason, founder of Calco Commercial, notes that while the Dogpatch area still has high vacancy rates, Curry's investment could positively influence the submarket. Increased interest from tenants has been observed, although it has yet to result in many closed transactions. Curry’s presence may help stimulate further activity and growth in the area.