This Office property is Off-Market. Search below to find active commercial real estate for sale or lease.
Browse More Listings in Office For Sale,
San Francisco Civic Center
350 McAllister Street and 455 Golden Gate Avenue, San Francisco, CA 94102
912,387 SF | Office
Office Property - Off Market
- Building Size:
- 912,387 SF
- Property Type:
- Property Sub-type:
- Institutional/ Governmental
- Property Use Type:
- Building Class:
- Year Built:
- Lot Size:
- 2.46 AC
- Listing ID
- Last Updated
- over 1 year ago
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)
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P