SOLD
Presidio Bay Acquires 60 Spear Street Office Building In San Francisco For $40.9M
60 Spear Street
Office
157,436 SF
157,436 SF
Sold 263 days ago
Summary
Sale
CALIFORNIA
Office
157,436 sqft
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.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Erik Hanson & Robert Hielscher
DATE: 08/11/2023
ADDRESS: 60 Spear Street
MARKET: San Francisco
ASSET TYPE: Office
BUYER: Presidio Bay (@PresidioBay)
BROKERS: Erik Hanson & Robert Hielscher - JLL (@JLL)
SALE PRICE: $40,900,000
SF: 157,436 ~ PPSF: $260
NOTE: Presidio Bay purchased San Francisco's 60 Spear Street office building for $40.9 million, planning to transform it into a Class A office space with added amenities, including a spa, fitness center, and rooftop bar. The property, currently 30% occupied, is set to be vacant by summer 2025.View on map
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Address60 Spear Street
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