893 Folsom St

12,700 SF Vacant Office Building San Francisco, CA 94107 $4,800,000 ($378/SF)

INVESTMENT HIGHLIGHTS

  • 893 Folsom Street offers a 66% occupied 12,700-SF modern office on a signalized corner in the South of Market neighborhood.
  • Turnkey space with modern office finishes, high ceilings, large skylights with great natural light, collaborative conference rooms, and a kitchenette.
  • Within walking distance of stops for the BART and Caltrain rail lines, providing quick and easy public transit options.
  • Less than 5 minutes from I-80, with direct exposure to Folsom and 5th Streets, providing combined visibility to over 40,000 passing vehicles daily.
  • Walking distance to the San Francisco Centre Mall, the Yerba Buena Gardens, the Moscone Convention Center, the San Francisco Mint, and much more.
  • A growing 2-mile population of more than 296,000 provides a strong workforce pipeline, with 56% of residents carrying a bachelor’s degree or higher.

EXECUTIVE SUMMARY

Starboard Commercial Real Estate is pleased to present the opportunity to acquire 893 Folsom Street, a modern meeting and event center with a prime location in San Francisco, California's South of Market neighborhood. This 12,700-square-foot two-story office was originally constructed on the 0.2-acre lot in 1925 and currently sits 64% occupied, with the first and third floors fully leased by a single tenant.
Modern features throughout 893 Folsom Street include roll-up doors, high ceilings, private offices, conference rooms, kitchenettes, great natural lighting, and contemporary interior finishes. Additionally, all suites boast unique points of entry. This rare offer provides turnkey office space with high-end finishes, allowing a new user to secure first-rate space for business operations with the opportunity for easy future expansion while benefitting from income from the existing tenant. There is additional upside for a value-add investor looking to lease the property to improve cash flow further.
893 Folsom Street enjoys a highly accessible location just off the corner of 5th and Folsom Streets in the South of Market (SoMa) neighborhood, less than five minutes from connections to Interstate 80. The high-traffic arteries provide excellent exposure, offering combined visibility to over 40,000 passing vehicles each day. The building is also proximate to several stops for BART and Caltrain lines, providing convenient public transit options and ensuring quick and easy commutes.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
12,700 SF
Building Class
B
Year Built
1925
Price
$4,800,000
Price Per SF
$378
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,350 SF
Building FAR
1.46
Lot Size
0.20 AC
Zoning
MU-R - Mixed Use-Residential
Parking
3 Spaces (0.5 Spaces per 1,000 SF Leased)

AMENITIES

  • Commuter Rail
  • Skylights
  • Kitchen
  • Central Heating
  • High Ceilings
  • Natural Light
  • Partitioned Offices
  • Hardwood Floors
  • Air Conditioning
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (93)

PROPERTY TAXES

  • Listing ID: 32716061

  • Date on Market: 8/7/2024

  • Last Updated:

  • Address: 893 Folsom St, San Francisco, CA 94107