SAN FRANCISCO, Aug. 24, 2017 /PRNewswire/ -- Starboard Commercial Real Estate, privately owned and locally based San Francisco commercial real estate firm, today announced the sale of a three story office building located at 665 Chestnut Street in San Francisco.
The 16,900 square foot building sold for $9,435,000.00 to a local Bay-Area investment company. The deal was led by Starboard Commercial Real Estate Senior Sales and Leasing Specialist, Jerry Adamson. The building resides along the historic Columbus Avenue, in one of the most highly trafficked retail corridors in San Francisco. Three floors of the property will be used for office space, while the ground floor will be intended for medical services.
Property Highlights include:
Corner lot located along a major commercial corridor with high visibility to drive-by traffic
High ceilings: 14'0" first floor, 16'0" second floor, 14'0" Third floor, and 9'0" basement
Upgraded and newly remodeled second and third floors
New ADA compliant lift and elevator installed in 2015
Convenient access to multiple public transportation systems
Historical neighborhood near tourist
"The timeless location of the property will continue to deliver value to the buyer for many years. We are very pleased with the performance of the asset and the upside that this submarket will provide," said Jerry Adamson, 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.
Media Contact: Natalie Wolfrom PR for Starboard Commercial Real Estate 415-609-7092 [email protected]