Historical Office Sale Listing - San Francisco Civic Center

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San Francisco Civic Center

350 McAllister Street and 455 Golden Gate Avenue, San Francisco, CA 94102

N/A

912,387 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
912,387 SF
Property Type:
Office
Property Sub-type:
Institutional/ Governmental
Property Use Type:
Investment
Occupancy:
100%
Building Class:
A
Tenancy:
Single
Year Built:
1998
Lot Size:
2.46 AC
Listing ID
16613190
Last Updated
over 1 year ago

Description

CB Richard Ellis, as exclusive advisor to the State of California, is privileged to present the opportunity to acquire a 100% fee simple interest in the San Francisco Civic Center, located at 350 McAllister St & 455 Golden Gate Ave in the Civic Center submarket of San Francisco, California (the Property ). The Property consists of a LED® Gold certified, Class A office property containing 912,387 rentable square feet in two connected buildings. The 6-story 350 McAllister St building, which houses the California Supreme Court, was originally constructed in 1922, and completely renovated in 1999 when the adjacent 14-story steel framed high-rise office building located at 455 Golden Gate Avenue was constructed.

The Property is 100% leased, of which 99.8% is leased to the State of California for 20 years, providing an investor with stable and secure cash flows and built-in rent escalations that enhance yields during the lease term. The State of California has an investment grade credit rating of A- by S&P.


IF YOU WOULD LIKE TO RECEIVE THE OFFERING MEMORANDUM, PLEASE FILL OUT THE REGISTRATION AGREEMENT IN THE ATTACHMENT SECTION OF THIS WEBSITE.

The Property is situated between McAllister and Golden Gate Avenues and across the street from San Francisco City Hall, an irreplaceable location highly valued by government and support service users. The Property enjoys excellent access to public transportation via the Civic Center station 2 blocks away providing service throughout the city and region via the SF Municipal Railway and the Bay Area Rapid Transit (BART ) system.

The Property' s overall quality and finishes are unmatched in the submarket. The 350 McAllister building houses the California Supreme Court, with highly specialized interior build-outs including Justices' Chambers. The recently constructed 455 Golden Gate building features an impressive 3-story lobby and a 5-story atrium with a glass skylight and a number of large art installations. There are two courtyards situated between the two buildings.

Map of San Francisco, CA, 94102 - exact location not found

Research for 350 McAllister Street and 455 Golden Gate Avenue, San Francisco, CA 94102 (San Francisco County)

Created 3/17/2010