625 Second Street
625 2nd St, San Francisco, CA 94107
The 625 Second Street property is a restored and improved brick and timber office building that was built in 1906 and fully renovated in 1999 including a full seismic retrofit and installation of state-of-the-art building systems. The Property is located on Second Street, in the dynamic and maturing South ofMarket area (SOMA), and only one and a half blocks from AT&T Park, home of the San Francisco Giants.The Property also enjoys the benefits of being one of a few true brick and timber office buildings in the submarket, which is the construction style preferred by the majority of the submarket’s tenants.
The Property is a four-story, 134,847 sq. ft. office building with a brick exterior and exposed timber beams and brick walls on the interior. The building features below-grade parking that can accommodate up to 110 cars. The Property’s renovation in 1999 retained the historic nature of the building such as the arched brick doorways and original metal sliding fire doors, and also completelymodernized the building. The existing build-out is largely open floor plan, which is consistent with tenant demands in themarketplace.
The building is 100% leased to LookSmart Ltd. through November 2009. LookSmart is an online media and technology company and has been located at the Property since December 1999.
Investment at a Glance
Location: San Francisco, CA
Property Type: Class A Historic Building
Acquisition Date: January 31, 2007
Purchase Price: $51,000,000
No. of Buildings: 1
No. of Stories: 4
Square Footage: 134,847 SF
Year Built: 1906/1999