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290 Division St 36,920 SF 75% Leased Office Building San Francisco, CA 94103 $15,500,000 ($419.83/SF) 7.65% Cap Rate
Investment Highlights
- Owner / User | Value Add Investment Opportunity
- Full-Floor Creative Office
- Excellent Freeway Visibility
- In-Place Income | 75% Leased Asset
- Showplace Square Location, SoMa, Mission District
- Transit and Freeway Accessible Location
Executive Summary
Touchstone Commercial Partners is pleased to offer owner/users and investors an opportunity to purchase the fee simple interest in 290 Division Street, San Francisco, California 94103.
The approximately 36,920-square-foot, four-story building, renovated in 2019 is situated at the intersection of three iconic San Francisco neighborhoods SoMa, Showplace Square / Design District and The Mission District. The immediate location is San Francisco’s most established design and creative districts.
The property is currently 75% leased, with three floors generating in-place income and the fourth floor available for occupancy, providing flexibility for a
future owner to establish a presence in the building while benefiting from the existing tenant base or for an investor to take advantage of the current high
leasing demand.
The approximately 36,920-square-foot, four-story building, renovated in 2019 is situated at the intersection of three iconic San Francisco neighborhoods SoMa, Showplace Square / Design District and The Mission District. The immediate location is San Francisco’s most established design and creative districts.
The property is currently 75% leased, with three floors generating in-place income and the fourth floor available for occupancy, providing flexibility for a
future owner to establish a presence in the building while benefiting from the existing tenant base or for an investor to take advantage of the current high
leasing demand.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
36,920 SF
Building Class
B
Year Built/Renovated
1924/2019
Price
$15,500,000
Price Per SF
$419.83
Cap Rate
7.65%
NOI
$1,185,750
Percent Leased
75%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
9,300 SF
Building FAR
3.82
Lot Size
0.22 AC
Zoning
PDR-1-G - Production, Distribution, & Repair
Amenities
- 24 Hour Access
- Fitness Center
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
+ Mix of Open Space and Meeting Rooms + One (1) Conference Room + Five (5) Meeting Rooms + Kitchenette / Break Area w/ Views + Two (2) Multi-Stall Restrooms + Great Natural Light & Views From All Sides + Walkable To BART, Caltrain, and Easy Access to I-80 & Hwy 101
| Space | Size | Space Use | Build-Out | Available |
| 4th Floor | 9,255 SF | Office | Full Build-Out | Now |
4th Floor
| Size |
| 9,255 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
4th Floor
| Size | 9,255 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
+ Mix of Open Space and Meeting Rooms + One (1) Conference Room + Five (5) Meeting Rooms + Kitchenette / Break Area w/ Views + Two (2) Multi-Stall Restrooms + Great Natural Light & Views From All Sides + Walkable To BART, Caltrain, and Easy Access to I-80 & Hwy 101
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Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 3526-016 | Improvements Assessment | $6,177,949 |
| Land Assessment | $9,052,602 | Total Assessment | $15,230,551 |
Property Taxes
Parcel Number
3526-016
Land Assessment
$9,052,602
Improvements Assessment
$6,177,949
Total Assessment
$15,230,551
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
290 Division St
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