SOLD
Ridge Capital Investors Acquires State Bar Of California's San Francisco Headquarters For $54M
180 Howard Street
Office
211,000 SF
211,000 SF
Sold 170 days ago
Summary
Sale
CALIFORNIA
Office
211,000 sqft
Ridge Capital Investors acquired the State Bar of California's San Francisco headquarters at 180 Howard St. for $54 million in a sale-leaseback deal at $256 per square foot. The 211,000-square-foot office building purchase includes plans for Ridge Capital to invest additional capital in upgrades, and the State Bar will remain in the building before consolidating into 68,000 square feet under a 15-year lease.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $54,000,000
- Square Footage: 211,000
- Price Per Square Foot: $256
- Address: 180 Howard Street
- Market: San Francisco
The buyer of the property is Ridge Capital Investors, represented by David Karol. The seller is the State Bar of California. The brokers involved in the deal are Ryan Venezia and Seth Siegel from Cushman & Wakefield.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Seth Siegel & David Karol
DATE: 11/14/2023
ADDRESS: 180 Howard Street
MARKET: San Francisco
ASSET TYPE: Office
BUYER: Ridge Capital Investors - David Karol
SELLER: The State Bar of California (@StateBarcaCA)
BROKERS: Ryan Venezia & Seth Siegel - Cushman & Wakefield (@CushWake)
SALE PRICE: $54,000,000
SF: 211,000 ~ PPSF: $256
NOTE: Ridge Capital Investors acquired the State Bar of California's San Francisco headquarters at 180 Howard St. for $54 million in a sale-leaseback deal at $256 per square foot. The 211,000-square-foot office building purchase includes plans for Ridge Capital to invest additional capital in upgrades, and the State Bar will remain in the building before consolidating into 68,000 square feet under a 15-year lease.View on map
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Address180 Howard Street
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