45-47 Maiden Ln
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45-47 Maiden Ln
19,327 SF 31% Leased Retail Building San Francisco, CA 94108 $18,001,869 CAD ($931 CAD/SF)
Investment Highlights
- Boutique mixed-use (retail /office) building located in Union Square
- 31% leased to Hawthorn with 2.6 years of remaining lease term
- Adjacency to public transit (Muni, BART, Central Subway)
- 39' of frontage on Geary Street & Maiden Lane
- Near-term upside through leasing up ground floor retail and two upper floors of creative office
- Compelling basis at significant discount to 2016 sale ($21.75 million)
Executive Summary
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to purchase the $12.7 million non-performing, senior mortgage loan secured by 46 Geary Street (the “Property”) in San Francisco, CA. The Property includes 18,818 square feet of retail and creative office space fronting Geary Street and Maiden Lane. 46 Geary Street is located in the heart of the Union Square retail district with entrances on both Geary Street and Maiden Lane, between Carmina Shoes and Vince. Maiden Lane is a quaint, two-block pedestrian only shopping enclave featuring San Francisco’s only Frank Lloyd Wright designed building. Maiden Lane is home to several upscale boutique retailers including Chanel, Maison Margiela, Bottega Veneta, Gucci, Tory Burch, Fendi, and Hermès.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,327 SF
Building Class
C
Year Built
1907
Price
$18,001,869 CAD
Price Per SF
$931 CAD
Percent Leased
31%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.96
Lot Size
0.15 AC
Zoning
C3R
Frontage
38 ft on Geary St
Amenities
- Bus Line
- Commuter Rail
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- Ground
- 4,320 SF
- Retail
- -
- Now
- 2nd Floor
- 4,893 SF
- Office/Retail
- -
- Now
- 3rd Floor
- 4,080 SF
- Retail
- -
- Now
Space | Size | Space Use | Position | Available |
Ground | 4,320 SF | Retail | - | Now |
2nd Floor | 4,893 SF | Office/Retail | - | Now |
3rd Floor | 4,080 SF | Retail | - | Now |
Ground
Size |
4,320 SF |
Space Use |
Retail |
Position |
- |
Available |
Now |
2nd Floor
Size |
4,893 SF |
Space Use |
Office/Retail |
Position |
- |
Available |
Now |
3rd Floor
Size |
4,080 SF |
Space Use |
Retail |
Position |
- |
Available |
Now |
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (88)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 0310-024 | Improvements Assessment | $16,002,429 CAD |
Land Assessment | $18,802,854 CAD | Total Assessment | $34,805,284 CAD |
PROPERTY TAXES
Parcel Number
0310-024
Land Assessment
$18,802,854 CAD
Improvements Assessment
$16,002,429 CAD
Total Assessment
$34,805,284 CAD
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45-47 Maiden Ln
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