Presidio Bay has purchased the office building located at 60 Spear Street in San Francisco for $40.9 million. The property, with a total area of 157,436 square feet, is currently 30% occupied. The transaction was facilitated by Erik Hanson and Robert Hielscher from JLL.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $40,900,000
• Address: 60 Spear Street, San Francisco
• Market: San Francisco
• Buyer: Presidio Bay
• Brokers: Erik Hanson & Robert Hielscher - JLL

Presidio Bay plans to transform the property into a Class A office space, enhancing it with additional amenities such as a spa, fitness center, and rooftop bar. The building is expected to be vacant by summer 2025, providing an opportunity for the buyer to fully implement their vision for the property.