Starboard CRE Announces Recently Closed Deals in The Bay Area
Sep 7, 2022
SAN FRANCISCO, Calif. September 8, 2022 – Today, Starboard CRE announced recently closed marquee deals across the Bay Area, totaling nearly $50 million in transactions.
Recent deal highlights include:
554-556 Commercial Street. Located in the heart of the financial district, adjacent to the iconic TransAmerica Pyramid, this unique 7,446 square-foot property sold for $5,555,000. The deal was led by Starboard agent, Craig Hansson.
Hansson explained, “This building was vacant for a while and the owner needed guidance on what to do. They originally wanted to lease the building, but based on the current dynamics of the office leasing market in the financial district, we pivoted and took the property out to market for sale. We were able to secure several offers and close the property within 30 days of signing the PSA.”
580 Green Street. 580 Green Street was historically recognized as the Citibank building at Stockton and Columbus avenue. Today, it is the new home specialty deli and neighborhood grocery store, Luke’s Local. The lease was led by agent Craig Hansson.
1701 17th Street. Well-positioned on the corner of Carolina and 17th street, this newer property in Potrero Hill space was successfully leased to a Montessori School. The lease was led by agent, Mark Meier.
570 Sylvan, Daly City. This was a unique opportunity because while there is plenty of demand, there isn’t much commercial land left in Daly City. Starboard agents worked with a buyer to purchase this rare commercial land located just five minutes from the freeway. The buyer is an owner-user who plans to use the property for his business.
1525 Haight Street. This prime retail space located in the heart of San Francisco’s Haight Ashbury District was leased to Blue Bin Vintage, a Palo Alto-based clothing store. This will be Blue Bin’s first location in San Francisco. The lease was led by Barry Bram and Nathan Niebergall.
1244 Market Street. This building provided a great opportunity for new ownership to add value to the building, which is well positioned on the 1200 block of Market Street.
Starboard Agent, Mark Meier shared, “The Mid-Market neighborhood is growing with a new Whole Foods store opening at 1177 Market and an Ikea-sister company, Ingka Centres, is beginning to build at 945 Market Street.”
240 11th Street. Located on 11th Street in SoMa, this building is centrally located 1 block from
BART. The property sits on a 9,200 square ft. lot, allowing for future development – housing, office, mixed-use, hotel; the possibilities are endless. Starboard agents worked to do a 1031 exchange on behalf of the seller to get him into an investment property so he can finally enjoy retirement.
To learn more about Starboard CRE and to see current listings, visit StarboardCRE.com
About Starboard Commercial Real Estate
Locally based, technology forward, Starboard CRE brings decades of brokerage experience representing over 600 million square feet of space with an aggregate lease value of over 10 billion and investments sold over 3 billion.
