560 Eccles Ave - R&D FOR SALE


South San Francisco, CA 94080
$50,000,000 USD
925-730-9258
560 Eccles Ave, South San Francisco, CA for Sale
$50,000,000 USD
R&D - FOR SALE
1/8
null | 4.79% Cap Rate

560 Eccles Ave
South San Francisco, CA 94080


HIGHLIGHTS

  • Trophy Asset in Irreplaceable Location
  • Government Lease with High Likelihood of Renewal
  • Institutional Quality Construction
  • San Francisco - 4th Largest MSA in U.S. by GDP ($549B)
  • Strong Credit

OVERVIEW

The Trammell and DiMesio Clark team of Marcus and Millichap is proud to announce the listing of 560 Eccles in South San Francisco. This single-tenant, modern 2019 construction is occupied by a USDA AA+ (Standard & Poor's) tenant with a very low risk of default. The property’s current NOI is approximately $2,395,073, with a 15% rent increase scheduled for May 2029 and annual rent increases thereafter. South San Francisco is home to one of the largest biotech clusters in the world. Over 250 biotech companies and 12 million square feet of biotech space form the anchor of South San Francisco’s economy. Thus, the potential upside and long-term stability is not just theoretical. The right buyer will see the USDA AA+ strong creditworthiness, location, surrounding market, and realize this trophy asset is one of the best properties in the market today. Call brokers for more information.

FOR SALE DETAILS

PRICE

$50,000,000 USD

PRICE/SF

$2,320 USD /SF

CAP RATE

4.79%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

USDA

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

R&D

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

4

DRIVE INS

1

PARKING SPACES

65

LAND DETAILS

LAND ACRES

3.65

LAND SF

158,994

ZONING

MH00M2

APN/PARCEL ID

015-082-240

ASK ABOUT THIS PROPERTY

Trystan ClarkMarcus & MillichapMore Info
925-730-9258

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

Trystan ClarkMarcus & MillichapMore Info
925-730-9258

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