REBusinessOnline

PCCP Acquires 138,393 SF Office Building in San Francisco for $120M

350-Rhode-Island-St-San-Francisco-CA

Located at 350 Rhode Island St. in San Francisco, the four-story building features 138,393 square feet of Class A office space.

SAN FRANCISCO — PCCP has purchased a four-story office property, located at 350 Rhode Island St. in San Francisco’s Potreto Hill neighborhood and Showplace Square office submarket, for $120 million. The name of the seller was not released.

Built in 2001, the asset includes two interconnected buildings offering a total of 138,393 square feet of Class A office space over three levels of subterranean parking. The buildings are now under separate ownership, and the parking structure component of PCCP’s acquisition provides added cash flow for the investment. The property features 35,000-square-foot floor plates and a modern, distinctive architectural design.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.



Related News

Updated daily:
How Will COVID-19 Impact the Commercial Real Estate Industry?
Click here.

COVID-19 Webinars: Learn more about the CRE industry's response to the coronavirus. Sign up.
Conferences


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business