Bridges Capital Acquires 84,000 SF Office Building From Lincoln Property Co And Goldman Sachs For $28M

The Abbott Building located at 1045 Sansome Street in San Francisco is an office asset that was sold for $28 million. The building has a total square footage of 84,000, with a price per square foot of $333. The transaction highlights the challenges faced in the San Francisco office market, with vacancy rates rising significantly post-pandemic.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $28,000,000
• Address: 1045 Sansome Street, San Francisco
• Buyer: Brandon Boze - Bridges Capital
• Seller: Clay Duvall & Brandon Wang - Lincoln Property Co.; David Solomon - Goldman Sachs
• Broker: Kyle Kovac & Mike Taquino - CBRE
• Square Footage: 84,000
• Price per Square Foot: $333

Brandon Boze represented Bridges Capital in the acquisition, while Clay Duvall and Brandon Wang acted on behalf of Lincoln Property Co. David Solomon represented Goldman Sachs in the sale. The brokerage expertise for this transaction was provided by Kyle Kovac and Mike Taquino from CBRE.