2505 Mariposa St
13,845 SF 6% Leased Flex Building San Francisco, CA 94110 $5,500,000 ($397/SF)
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INVESTMENT HIGHLIGHTS
- Rare fully renovated office/R&D building in the mission district.
- Quality Creative Interiors - High Ceilings, Exposed Wood, Good Natural Light.
- Extensive Recent Interior Renovation Work - Move In Ready.
- Vacant value-add or owner-user opportunity.
- Highly Functional Building - Large Drive-In Roll-Up Door, Good Power.
EXECUTIVE SUMMARY
Newmark, as exclusive advisor, is pleased to extend to qualified owner users and investors the opportunity to acquire the 100% fee-simple interest in 2505 Mariposa Street (the “Property”) – a 13,845 square foot vacant R&D/office building in San Francisco’s Mission District. The recently renovated Property features two floors of functional high ceiling creative space, each with a mezzanine, served by a refreshed freight elevator. 2505 Mariposa can accommodate a variety of uses with an open ground floor with over-sized drive-in roll-up door and 17’ ceilings (PDR zoning) and a gorgeous second floor that has been legitimized for legal office use, a valuable rarity in this submarket.
To be delivered vacant, the Property was extensively renovated in 2021, allowing investors and owner-users to acquire a well-located move-in ready property at a compelling basis well below replacement cost. 2505 Mariposa benefits from an excellent Inner Mission District location, surrounded by nearby amenities and well-served by public transportation. It is two blocks from the Potrero Center (Safeway, 24-Fitness, Starbucks, Noah’s, Togo’s, Chase) and a 15-minute walk to the 16th Street BART Station and the dynamic Mission and Valencia Street retail corridors. 2505 also benefits from easy access to Mission Bay (Chase Center, UCSF Campus, OpenAI).
To be delivered vacant, the Property was extensively renovated in 2021, allowing investors and owner-users to acquire a well-located move-in ready property at a compelling basis well below replacement cost. 2505 Mariposa benefits from an excellent Inner Mission District location, surrounded by nearby amenities and well-served by public transportation. It is two blocks from the Potrero Center (Safeway, 24-Fitness, Starbucks, Noah’s, Togo’s, Chase) and a 15-minute walk to the 16th Street BART Station and the dynamic Mission and Valencia Street retail corridors. 2505 also benefits from easy access to Mission Bay (Chase Center, UCSF Campus, OpenAI).
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Price | $5,500,000 |
Price Per SF | $397 |
Sale Type | Investment or Owner User |
Property Type | Flex |
Property Subtype | Flex Research & Development |
Building Class | C |
Lot Size | 0.16 AC |
Rentable Building Area | 13,845 SF |
No. Stories | 2 |
Year Built/Renovated | 1923/2021 |
Clear Ceiling Height | 20’ |
No. Drive In / Grade-Level Doors | 1 |
AMENITIES
- 24 Hour Access
- Mezzanine
- Skylights
UTILITIES
- Water - City
- Sewer - City
- Heating - Gas
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Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (81)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
Parcel Number | 4015-006 | Improvements Assessment | $2,550,367 |
Land Assessment | $3,534,851 | Total Assessment | $6,085,218 |
ZONING
Zoning Code | PDR-1-G (Ground - PDR / Second Floor - Legitimized Office Use) |