Vanbarton Group Sells 115 Sansome Street Office In San Francisco For $35M

Downtown San Francisco's 115 Sansome office building has been sold in a short sale for approximately $35 million. The property, previously acquired by Vanbarton Group for $83 million in 2016, was sold at a winning bid that was 40% higher than the $25 million guidance. The sale marks a potential upswing in the commercial real estate market in Downtown San Francisco, as it expresses confidence in the recovery of the market.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $35,000,000
• Square Footage: 114,451
• Price Per Square Foot: $306
• Date: 12/14/2023
• Address: 115 Sansome Street, San Francisco

The short sale of 115 Sansome Street was facilitated by Vanbarton Group's Gary Tischler, who represented the seller in the transaction. With this sale, Vanbarton Group now owns the property debt-free, demonstrating their confidence in the recovery of Downtown San Francisco's real estate market.