Bay Area Rapid Transit (BART) Acquires Office Building For $26M In San Francisco

Located at 2000 Broadway in San Francisco, this office property has been sold in a closed transaction. The buyer, Bay Area Rapid Transit (BART), represented by Robert Powers, acquired the property from Kaiser Permanente, represented by Greg A. Adams. The sale price for the transaction was $26,000,000, with a square footage of 105,000. This amounts to a price per square foot of $248. The property is classified as an office building.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $26,000,000
• Address: 2000 Broadway, San Francisco
• Market: San Francisco
• Buyer: Bay Area Rapid Transit (BART) - Robert Powers
• Seller: Kaiser Permanente - Greg A. Adams
• Square Footage: 105,000
• Price per Square Foot: $248

Kaiser Permanente, a healthcare provider, will receive $26 million from the sale of its Uptown Oakland office to BART. Notably, Kaiser Permanente will be exempt from earthquake retrofit costs. BART intends to convert the building into its police force headquarters and plans to invest an additional $74 million to $96 million for seismic upgrades and renovations.