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893 Folsom St 12,700 sq ft Vacant Office Property San Francisco, CA 94107 £3,553,680 (£279.82/sq ft)

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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 Occupier
Property Type
Office
Property Subtype
Studio / Creative Space
Property Size
12,700 sq ft
Costar Property Class
B
Year Built
1925
Price
£3,553,680
Price per sq ft
£279.82
Occupancy Rate
Vacant
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
6,350 sq ft
Plot ratio
1.46
Total Plot Size
0.20 ac
Use Class
MU-R - Mixed Use-Residential
Parking
3 Spaces (0.5 Spaces per 1,000 sq ft Leased)

AMENITIES

  • Commuter Rail
  • Skylights
  • Kitchen
  • Central Heating
  • High Ceilings
  • Natural Light
  • Partitioned Offices
  • Wooden Floors
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • USE
  • CONDITION
  • AVAILABLE
  • Ground - SUITE A
  • 3,981 sq ft
  • Industrial
  • Full Fit-Out
  • Now

4,273 Square feet of open industrial/office space available.

  • Mezzanine - SUITE B
  • 4,273 sq ft
  • Industrial
  • Full Fit-Out
  • Now

4,273 Square feet of open industrial/office space available.

Space Size Space Use Condition Available
Ground - SUITE A 3,981 sq ft Industrial Full Fit-Out Now
Mezzanine - SUITE B 4,273 sq ft Industrial Full Fit-Out Now

Ground - SUITE A

Size
3,981 sq ft
Space Use
Industrial
Condition
Full Fit-Out
Available
Now

Mezzanine - SUITE B

Size
4,273 sq ft
Space Use
Industrial
Condition
Full Fit-Out
Available
Now

Ground - SUITE A

Size 3,981 sq ft
Space Use Industrial
Condition Full Fit-Out
Available Now

4,273 Square feet of open industrial/office space available.

Mezzanine - SUITE B

Size 4,273 sq ft
Space Use Industrial
Condition Full Fit-Out
Available Now

4,273 Square feet of open industrial/office space available.

Walk Score®
Excellent pedestrian access (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Ideal For Cyclists (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3752-079
Land Assessment
£143,299
Improvements Assessment
£189,436
Total Assessment
£332,736
  • Listing ID: 32716061

  • Date on Market: 07/08/2024

  • Last Updated:

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

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