North SF Office Asset Changes Hands
- Aug 28, 2017
Starboard Commercial Real Estate sold a three-story office building on Chestnut Street in San Francisco. According to Property Shark data, Sunhill Enterprises LP acquired the 16,900-square-foot asset for $9.4 million.
Located at 665 Chestnut St., the property offers easy access to bus stations, restaurants and hotels, including Curry Leaf, Entella Hotel and San Francisco Marriott Fisherman’s Wharf. The building features upgraded and newly remodeled second and third floors. Tenants include Retronyms Inc., The Janssen Group and Discover Health.
“The timeless location of the property will continue to deliver value to the buyer for many years,” Jerry Adamson, Starboard’s senior sales and leasing specialist, said in a prepared statement. Adamson led the team on the transaction.
The San Francisco location is showing positive investment, with American Realty Advisors recently purchasing the 37,000-square-foot Pioneer Building within the Mission District.
Image via Google Street View