161 Starlite Street, South San Francisco
$ 13.25 - 16.20 (Est.)
161 Starlite Street, South San Francisco, CA 94080-6313
$ 13.25 - 16.20 (Est.)
Description
EXECUTIVE SUMMARY
161 Starlite, located in the thriving commercial area of South San Francisco, presents a compelling investment opportunity. This multi-tenant 64,103 SF industrial building sits on an expansive 2.14-acre lot in the path of progress. The building, divided into three units, provides rare dock high and grade level loading. New T5L zoning allows for various commercial uses and valuable dense residential development.
With one 30,695 SF unit vacant, representing almost 50% of the total square footage, it is an excellent owner user candidate. Investors have immediate upside potential to lease out the vacant space, and roughly 2.5 years to re-lease the occupied units or reposition the asset. Rarely does an asset provide for immediate increased revenue stream plus development potential.
The property’s prime location, combined with its flexible zoning, makes it an appealing choice for investors aiming to capitalize on South San Francisco’s expanding economy
and demand for commercial or mixed-use projects.
Highlights
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Square Footage: 30,695 SF -
Term: Negotiable -
Lease Rate: $13.25 - 16.20 (Est.)
Features
INVESTMENT HIGHLIGHTS
- Class A recently renovated interior with skylights throughout, providing exceptional natural light.
- Earthquake retrofit recently completed.
- Occupy today and benefit from future dense development. Lindenville has recently been re-zoned dense residential.
- Existing 2500 amps of power.
- Rare dock high and grade loading combinations. Only 13% of Peninsula buildings provide dock high access.
- 161 Starlite St is conveniently located near major confluences and just minutes from Downtown SF.