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A downtown San Francisco property in a prime location has gone on the market. The five-story, nearly 72k SF office building at 170 Columbus Ave could fetch $45M, or about $800/SF.
Newmark Cornish & Carey senior managing director Kyle Kovac called the property a rare find given its location and competitive positioning, according to The Registry. “Opportunities to acquire premium office assets in Jackson Square are very rare. Further, no new office construction is planned in the area, making it the highest barrier-to-entry submarket in the city,” he says.
Kyle is managing the sale along with Michael Taquino, Dan Cressman and Mandy Lee. [TR]
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