Starboard Commercial Real Estate Announces Sale of
893 Folsom Street in San Francisco
12,293 Square Foot Building Centrally Located in SOMA Provides Rare Opportunity For Investors
SAN FRANCISCO, Calif. October 21, 2020 – Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, announced the sale of 893 Folsom Street, located on the Folsom Street Corridor in the SOMA neighborhood of San Francisco.
This centrally located property offers more than 12,293 total square feet and quick and convenient access to both Caltrain and BART, as well as several popular restaurants, bars, and specialty cafes. The property also includes an additional 8,500 square foot lot, allowing for future development including housing, office space, hotel lodging, or mixed-use.
“Properties like 893 Folsom do not come around often. The location is so central and the building offers very flexible zoning, which allows for investors to have stable cash flow during development opportunities down the road. It’s just half a block from the new 4th street muni line and walking distance to BART and Caltrain,” explained Craig Hansson, sales and leasing director at Starboard Commercial Real Estate. “With interest rates at all-time record lows, this is an opportunity investors will not want to miss.”
The property is currently divided into three separate suites, lending well to buyers looking to diversify its tenant roster and adapt to potential tenant’s needs. Two of its suites were recently renovated to include high ceilings, ample natural lighting with skylights, original refinished hardwood floors, mezzanine, and roll-up door.
The property also includes a renovated unit entirely separate from the main building with the address 188 Shipley Street. This modern unit is two-levels and offers ample space with polished concrete floors, tiled entryway, a private office, and updated kitchen.
893 Folsom is listed without an asking price. Offers will be taken as they come. Leasing information is also available with a signed Confidentiality Agreement. To learn more about 893 Folsom Street in San Francisco, please contact Craig Hansson by phone (415) 710-7768 or email email@example.com. To view more available listings, please visit www.starboardnet.com.
About Starboard Commercial Real Estate
Starboard Commercial Real Estate is the largest independently owned commercial real estate company in San Francisco, California. Starboard was established in 1991 with a unique vision of what a commercial real estate firm should be. With a combined total of 55 years representing landlords and tenants, members of the firm are devoted to serving clients with the highest ethics and professionalism. By implementing the latest technology, Starboard combines innovative market techniques with hard work, pursuing every opportunity to meet its clients' commercial property goals. Our brokers are highly qualified professionals supported by skilled support staff and a full-service in-house graphic and website design team. Our brokers have access to critical information on existing tenants in San Francisco and more than 1,814 office buildings and over 103 million square feet of office space throughout San Francisco.
In 2000, Starboard became the San Francisco member of TCN Worldwide Real Estate Services, a national affiliation of independent real estate firms located in more than 200 markets with 62 offices in 8 countries, including North and South America, Europe, and Asia. Using national and international real estate expertise, Starboard provides clients with local know-how on a global scale. Hans Hansson, managing principal, previously served on TCN Worldwide's Board of Directors and served as regional vice president for two years. For more information, visit www.starboardnet.com.
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