SAN FRANCISCO, Dec. 13, 2016 /PRNewswire/ -- Starboard Commercial Real Estate, privately owned and locally based San Francisco commercial real estate firm, today announced the sale of 1088 Howard Street in San Francisco.
The property was sold at one of the highest building prices per square foot in western South of Market (SOMA) district in recent history. Starboard brokers, Craig Hansson, Jerry Adamson, and Hans Hansson represented the seller, who received multiple bids and ultimately sold the property to a local buyer in a 1031 exchange for just over $1,000 PSF.
The 3,000 square ft. single building sits in a thriving neighborhood that provides a mix of warehouses, swanky nightspots, art spaces, loft apartments, furniture showrooms and Silicon Valley tech businesses.
Specs on 1088 Howard Street:
- Close proximity to BART & Muni.
- Popular neighborhood retail– Sight Glass Coffee, Cellarmaker Brewing Company, AQ Restaurant, Deli Board, Harvest Urban Market and Rocco's Cafe
- Total Lot Size is 4,500 square feet
- Single-brand Identity property in the heart of SOMA
- Parking lot adjacent to building is a rare commodity
- Flexible Zoning (MUG) that allows for Office, Retail and/or Housing
- Ideal for Owner/users, investors and developers
"The asset provided an opportunity for the buyer to purchase the property along with an adjacent parking lot which will enable further development," said Craig Hansson, Senior Sales and Leasing Specialist for Starboard TCN.
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, and previously served on TCN Worldwide's Board of Directors and as well as regional vice president for two years. For more information, visit www.starboardnet.com.
PR for Starboard Commercial Real Estate
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SOURCE Starboard Commercial Real Estate