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45-47 Maiden Ln 19,327 SF 31% Leased Retail Building San Francisco, CA 94108 $17,588,357 CAD ($910.04 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Boutique mixed-use (retail /office) building located in Union Square
  • 31% leased to Hawthorn with 2.6 years of remaining lease term
  • Adjacency to public transit (Muni, BART, Central Subway)
  • 39' of frontage on Geary Street & Maiden Lane
  • Near-term upside through leasing up ground floor retail and two upper floors of creative office
  • Compelling basis at significant discount to 2016 sale ($21.75 million)

EXECUTIVE SUMMARY

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to purchase the $12.7 million non-performing, senior mortgage loan secured by 46 Geary Street (the “Property”) in San Francisco, CA. The Property includes 18,818 square feet of retail and creative office space fronting Geary Street and Maiden Lane. 46 Geary Street is located in the heart of the Union Square retail district with entrances on both Geary Street and Maiden Lane, between Carmina Shoes and Vince. Maiden Lane is a quaint, two-block pedestrian only shopping enclave featuring San Francisco’s only Frank Lloyd Wright designed building. Maiden Lane is home to several upscale boutique retailers including Chanel, Maison Margiela, Bottega Veneta, Gucci, Tory Burch, Fendi, and Hermès.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,327 SF
Building Class
C
Year Built
1907
Price
$17,588,357 CAD
Price Per SF
$910.04 CAD
Percent Leased
31%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.96
Lot Size
0.15 AC
Zoning
C3R
Frontage
38’ on Geary St

AMENITIES

  • Bus Line
  • Commuter Rail
  • Signage
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • Ground
  • 4,320 SF
  • Retail
  • -
  • Now

Retail space available for lease

  • 2nd Floor
  • 4,893 SF
  • Office/Retail
  • -
  • Now
  • 3rd Floor
  • 4,080 SF
  • Retail
  • In-Line
  • Now
Space Size Space Use Position Available
Ground 4,320 SF Retail - Now
2nd Floor 4,893 SF Office/Retail - Now
3rd Floor 4,080 SF Retail In-Line Now

Ground

Size
4,320 SF
Space Use
Retail
Position
-
Available
Now

2nd Floor

Size
4,893 SF
Space Use
Office/Retail
Position
-
Available
Now

3rd Floor

Size
4,080 SF
Space Use
Retail
Position
In-Line
Available
Now

Ground

Size 4,320 SF
Space Use Retail
Position -
Available Now

Retail space available for lease

Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Equinox
Starbucks
Peet's Coffee
Trader Joe's
Commercial Bank of California
Chase Bank
Bank of America
Denny's
Mixt
Cheesecake Factory

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0310-024
Land Assessment
$19,512,413 CAD
Improvements Assessment
$16,606,310 CAD
Total Assessment
$36,118,723 CAD
  • Listing ID: 34086981

  • Date on Market: 2024-12-04

  • Last Updated:

  • Address: 45-47 Maiden Ln, San Francisco, CA 94108

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