Sunhill Corp. Lands 2 San Francisco Assets
- May 09, 2018
Sunhill Corp. has picked up two adjacent buildings in San Francisco from a private investor based in Manhattan Beach, Calif., for $13.3 million. The seller acquired the assets, which offer a combined 27,800 square feet, in 1986 and 1992, according to public records. Starboard Commercial Real Estate represented the buyer in the transaction.
The larger of the two buildings, situated at 130 Ninth St., contains 25,250 square feet of leasable space across three stories in an accessible part of San Francisco’s SoMa district. The smaller, two-story structure, next door at 122 Ninth St., offers 2,550 square feet. Positioned between Interstate 80 and Van Ness Avenue, the properties are one block from the city’s Metro Rail public transportation system.
Space up for grabs
Kryolan, a make-up company, leased the larger building as its west coast headquarters and showroom for approximately 30 years. Reason Future Tech Escape Room fully occupies the smaller structure under a non-renewable lease set to expire in May 2020. Starboard’s Jerry Adamson, who worked on behalf of Sunhill in the sale, is marketing the properties’ available space to retail, office and industrial tenants.
“This property presents significant opportunity for both the buyer and its tenants. Future occupants may take advantage of high-profile signage and retail in a prime location,” said Adamson, senior sales and leasing specialist at Starboard, in a prepared statement. “The building is perfect for a tenant that wants a brand-identity, single-user building.”
Image via Google Street View