45-47 Maiden Ln - Storefront Retail/Office FOR SALE


San Francisco, CA 94108
$12,700,000 USD
415-264-5103
45-47 Maiden Ln, San Francisco, CA for Sale
$12,700,000 USD
Storefront Retail/Office - FOR SALE
1/1
null | Request Cap Rate

45-47 Maiden Ln
San Francisco, CA 94108


HIGHLIGHTS

  • Boutique mixed-use (retail /office) building located in Union Square
  • 39' of frontage on Geary Street & Maiden Lane
  • 31% leased to Hawthorn with 2.6 years of remaining lease term
  • Near-term upside through leasing up ground floor retail and two upper floors of creative office
  • Adjacency to public transit (Muni, BART, Central Subway)
  • Compelling basis at significant discount to 2016 sale ($21.75 million)

OVERVIEW

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to purchase the $12.7 million non-performing, senior mortgage loan secured by 46 Geary Street (the “Property”) in San Francisco, CA. The Property includes 18,818 square feet of retail and creative office space fronting Geary Street and Maiden Lane. 46 Geary Street is located in the heart of the Union Square retail district with entrances on both Geary Street and Maiden Lane, between Carmina Shoes and Vince. Maiden Lane is a quaint, two-block pedestrian only shopping enclave featuring San Francisco’s only Frank Lloyd Wright designed building. Maiden Lane is home to several upscale boutique retailers including Chanel, Maison Margiela, Bottega Veneta, Gucci, Tory Burch, Fendi, and Hermès.

FOR SALE DETAILS

PRICE

$12,700,000 USD

PRICE/SF

$657 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1907

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

C3R

APN/PARCEL ID

0310-024

ASK ABOUT THIS PROPERTY

Kazuko MorganCushman & WakefieldMore Info
415-264-5103

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Kazuko MorganCushman & WakefieldMore Info
415-264-5103

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.