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REA
January 31, 2018  

New 5-Story Building on Block in SF

A Lincoln Property partnership is marketing a five-story office building in downtown San Francisco that it completed last year and fully leased up.The 57,000-square-foot property, at 500 Pine Street, could attract bids of about $75 million, or a hefty $1,313/sf. At that price, the buyer’s initial annual yield would be 4.5% to 4.75%. HFF is representing Dallas-based Lincoln and its partner, China-based developer Gemdale.There are two...


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