SAN FRANCISCO, March 10, 2016 /PRNewswire/ -- Starboard TCN, privately owned and locally based San Francisco commercial real estate firm, announced the closing of a major deal for commercial property located at 2525-2545 Van Ness Street in San Francisco.
The two-story building sold to a Canadian investment company for $5,750,000. The property is located in a prime location, near the Highway 101/Van Ness corridor and offers approximately 11,000 square feet for potential development.
Richard Gumbiner, Starboard TCN Broker Associate, considered the property a "diamond in the rough" as the building was an existing two-story commercial property with retail and office tenants on a deep lot with a 65-foot height limit, making it a prime development site.
"While most development activity is currently centered along Market Street or South of Market, Starboard was able to bring the buyer a rare opportunity to invest in a prime development site on the north side of the City, centrally located near Pacific Heights, Cow Hollow, the Marina and Russian Hill," said Richard Gumbiner, Starboard TCN Broker Associate.
Although the exact plans for development are still in process, the buyer is exploring residential development options.
About Starboard TCN Worldwide
Starboard TCN Worldwide is the leading San Francisco commercial real estate firm, providing clients with full, all-inclusive services since 1991. Locally based, Starboard TCN has organically acquired substantial relationships with tenants, investors, contractors, architects and accountants throughout the San Francisco-Bay Area.
As the largest, independently owned commercial real estate firm in San Francisco with both national and international affiliates, including TCN Worldwide, GVA, AREA, and Office Finder, Starboard delivers clients the highest level of local expertise while offering a global reach.
Starboard TCN agents are positioned to know the San Francisco real estate market like no other, knowing the ins and outs of the City and has access to networks of approximately 2,000 office buildings and more than 100 million square feet of office space throughout the Bay Area. Through these networks and unique inside knowledge, Starboard TCN makes it obtainable to assist buyers and quickly find their ideal space in one of the hottest real estate markets in the world.
PR for Starboard TCN Worldwide
SOURCE Starboard TCN