https://properties.nmrk.com/555-jackson-street-san-francisco-sale Newmark, as exclusive advisor, is pleased to extend to qualified investors, operators and owner-users the opportunity to acquire the 100% fee simple condominium interest in 555 Jackson Street (the “Property”), a modern subterranean parking garage located in downtown San Francisco. Priced at $9,500,000, this +/-65,985 SF garage was built in 2005, features approximately 149 total parking stalls over four floors and is available for sale for the first time ever. The Property enjoys an outstanding core downtown location within Jackson Square, one of San Francisco’s most desirable sub-markets due to its outstanding amenities and appeal to office tenants. It is also a short walk to the Financial District and San Francisco’s famed Chinatown is just to the west of 555 Jackson, providing various sources of transient parkers. The 555 Jackson Street Garage presents an opportunity to acquire an extremely well-located high quality modern garage with in-place income and near-term upside. Currently NN-leased on a month-to-month basis to garage operator AirGarage, providing steady near-term cash flow with limited landlord responsibilities for investors. For owner-user operators, the month-to-month lease allows for maximum flexibility. 555 Jackson has experienced exceptional recent performance; the last six months have seen a ~28% YoY average increase in gross revenues which now average nearly $90K per month The garage is still operating below its pre-pandemic peak, allowing for upside as operations and associated net income continue to improve.