Available For Sale - Retail

5,569 SF | Show Pricing $

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LISTED BY

Mark Mason
Marcus & Millichap, 415-722-7061
Quentin Caruso
Marcus & Millichap, 510-926-9048

AVAILABILITY DETAILS

Size
5,569 SF
Price/SF
Show Pricing $
Listing ID
SA546709
Notes
445 Powell Street represents a unique opportunity for an investor to acquire a generational asset in San Francisco’s world-renowned Union Square district. The current family has owned the subject property since 1952, but it is believed the property has not been formally marketed for sale since its original construction in 1914.



This historically significant property has been occupied by Bank of America under a triple-net lease since 1990. The current base term expires in January 2026, and the

lease includes two options to extend the term at the then-prevailing fair market rental rate(s). The options to extend the term include a minimum rent floor, which provides the property owner with clearly defined minimum rent levels through the fair market rental rate option periods. Long-term tenancy, high-impact signage, and corporate branding have established class-leading goodwill for Bank of America over the past 25 years with tourist and business visitors, students, and residents. The property boasts two highly successful automated teller machines (“ATM”) at the building’s façade. The tenant occupies the entire three-level property with branch services and ATMs on the ground floor, new accounts, and loan services on the second floor, and support office use in the fully improved lower level, ADA restrooms,

and other traditional office tenant improvements. The property enjoys vertical transportation to all levels via an elevator, including the lower level.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Mark Mason, Marcus & Millichap