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560 Commercial 560 Commercial St 14,605 SF 41% Leased Office Building San Francisco, CA 94111 For Sale
Investment Highlights
- A flagship brick-and-timber jewel box at the gateway to Jackson Square
- Highly efficient, ±14,605 RSF small-floorplate building with in-place credit tenancy
- Opportunity to buy into the San Francisco office recovery
- Immaculate modern improvements inside classic creative space
- A compelling alternative to control your space, eliminate rent exposure, and build equity in one of San Francisco’s most supply-constrained submarkets
Executive Summary
Newmark’s Bay Area Private Capital Group is pleased to present the unique opportunity to acquire the fee-simple interest in 560 Commercial Street / 559-561 Clay Street, a meticulously renovated brick-and-timber jewel box located in the heart of downtown San Francisco next to Jackson Square, the City’s most coveted neighborhood. Currently
41% leased, the 14,605 square foot four-story plus lower-level property offers the rare combination of credit tenancy with Amazon-owned One Medical on floors one and two, with move-in ready best-in-class brick-and-timber office space on the top two floors.
The 560 Commercial Street entrance offers direct access to the vacant move-in ready third and fourth floors with pristine brick-and-timber interiors and high-end improvements featuring modern creative space with an ideal mix of open areas and meeting rooms. A beautiful open stairwell interconnects the third and fourth floors, which benefit from high open ceilings and skylights providing excellent natural light. The fully renovated lower level was transformed into meeting rooms, a locker room and shower providing additional private on-site amenities. The 559-561 Clay Street entrance offers a dedicated address and storefront for the ground and second floors, which have been leased for over 16 years to One Medical, a wholly-owned subsidiary of Amazon, providing a stable, credit-backed tenancy.
41% leased, the 14,605 square foot four-story plus lower-level property offers the rare combination of credit tenancy with Amazon-owned One Medical on floors one and two, with move-in ready best-in-class brick-and-timber office space on the top two floors.
The 560 Commercial Street entrance offers direct access to the vacant move-in ready third and fourth floors with pristine brick-and-timber interiors and high-end improvements featuring modern creative space with an ideal mix of open areas and meeting rooms. A beautiful open stairwell interconnects the third and fourth floors, which benefit from high open ceilings and skylights providing excellent natural light. The fully renovated lower level was transformed into meeting rooms, a locker room and shower providing additional private on-site amenities. The 559-561 Clay Street entrance offers a dedicated address and storefront for the ground and second floors, which have been leased for over 16 years to One Medical, a wholly-owned subsidiary of Amazon, providing a stable, credit-backed tenancy.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
14,605 SF
Building Class
B
Year Built/Renovated
1907/2019
Percent Leased
41%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
3,651 SF
Building FAR
4.00
Lot Size
0.08 AC
Zoning
C-3-O - Downtown Office
Amenities
- Security System
- Air Conditioning
- Locker Room
- Shower Facilities
1 1
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 0228-031 | Improvements Assessment | $6,327,885 CAD |
| Land Assessment | $11,103,371 CAD | Total Assessment | $17,431,256 CAD |
Property Taxes
Parcel Number
0228-031
Land Assessment
$11,103,371 CAD
Improvements Assessment
$6,327,885 CAD
Total Assessment
$17,431,256 CAD
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560 Commercial | 560 Commercial St
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