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USDA 560 Eccles Ave 21,552 SF Flex Building South San Francisco, CA 94080 $50,000,000 ($2,319.97/SF) 4.79% Cap Rate
INVESTMENT HIGHLIGHTS
- Trophy Asset in Irreplaceable Location
- Institutional Quality Construction
- Strong Credit
- Government Lease with High Likelihood of Renewal
- San Francisco - 4th Largest MSA in U.S. by GDP ($549B)
EXECUTIVE SUMMARY
The Trammell and DiMesio Clark team of Marcus and Millichap is proud to announce the listing of 560 Eccles in South San Francisco. This single-tenant, modern 2019 construction is occupied by a USDA AA+ (Standard & Poor's) tenant with a very low risk of default.
The property’s current NOI is approximately $2,395,073, with a 15% rent increase scheduled for May 2029 and annual rent increases thereafter.
South San Francisco is home to one of the largest biotech clusters in the world. Over 250 biotech companies and 12 million square feet of biotech space form the anchor of South San Francisco’s economy. Thus, the potential upside and long-term stability is not just theoretical.
The right buyer will see the USDA AA+ strong creditworthiness, location, surrounding market, and realize this trophy asset is one of the best properties in the market today.
Call brokers for more information.
The property’s current NOI is approximately $2,395,073, with a 15% rent increase scheduled for May 2029 and annual rent increases thereafter.
South San Francisco is home to one of the largest biotech clusters in the world. Over 250 biotech companies and 12 million square feet of biotech space form the anchor of South San Francisco’s economy. Thus, the potential upside and long-term stability is not just theoretical.
The right buyer will see the USDA AA+ strong creditworthiness, location, surrounding market, and realize this trophy asset is one of the best properties in the market today.
Call brokers for more information.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $50,000,000 | Rentable Building Area | 21,552 SF |
| Price Per SF | $2,319.97 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2019 |
| Cap Rate | 4.79% | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 3.01/1,000 SF |
| Property Subtype | Flex Research & Development | No. Dock-High Doors/Loading | 4 |
| Building Class | A | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 3.65 AC | ||
| Zoning | MH00M2 | ||
| Price | $50,000,000 |
| Price Per SF | $2,319.97 |
| Sale Type | Investment |
| Cap Rate | 4.79% |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | A |
| Lot Size | 3.65 AC |
| Rentable Building Area | 21,552 SF |
| No. Stories | 1 |
| Year Built | 2019 |
| Tenancy | Single |
| Parking Ratio | 3.01/1,000 SF |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | MH00M2 |
PROPERTY TAXES
| Parcel Number | 015-082-240 | Improvements Assessment | $11,277,988 |
| Land Assessment | $38,734,092 | Total Assessment | $50,012,080 |
PROPERTY TAXES
Parcel Number
015-082-240
Land Assessment
$38,734,092
Improvements Assessment
$11,277,988
Total Assessment
$50,012,080
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