119,000 SF Value-Add Office
- Acquired May 2024 with private investors.
- Property was an off-market transaction that was 44% leased at time of negotiating the purchase price. During escrow, Redco secured 3 new leases pushing occupancy up to 75% allowing the purchase to proceed with financing.
- Built in 1946 and extensively renovated in 2009, the building benefits from efficient sidecore floorplates, exposed creative class board form concrete interiors, brand new destination elevators, new gym facility and a 70-stall valet parking garage. Sitting in the heart of downtown San Francisco's financial district along iconic California Street with cable car passing, next door to Tadich Grill and close proximity to all transit nodes, the high identity corner address of 300 California provides unique opportunity for future office users.