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.