340 Townsend Street, San Francisco, CA

Property Type Office - General Office
Property Size 47,548 SF
Lot Size 0.55 Acre
Parking Spaces Avail. 183
Parking Ratio 3.85/ 1,000 SF
Property Tenancy Single Tenant
Building Class B
Year Built 1987

Location

Map
Street

City San Francisco, CA
Neighborhood South of Market
Zip Code 94107
Market San Francisco

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Date 16 Dec, 2016
Purchase Price
Arm's Length True
Buyer Name

Market Trends

Average Actual Rents in San Francisco

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in San Francisco Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $87.18
2020 Office Vacancy Rate 8.07%
2020 Office Completions (SF) 469,769

San Francisco Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $976.94
Y-o-Y Avg. PpSF Change 7.42%
2020 Office Sales Volume $2.2B
2020 Number of Transactions 12

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Tax

Property Tax in 2021-2022 $488,125
Market Value* $41,279,780
Assessed Value $41,279,780

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 340 Townsend Street?

340 Townsend Street totals 47,548 square feet.

When was this property built?

340 Townsend Street was built in 1987.

When was 340 Townsend Street last sold?

340 Townsend Street was last sold on 16 Dec, 2016.

What is the property tax for 340 Townsend Street?

The property tax for 340 Townsend Street in 2021-2022 was $488,125.

What is the market value for 340 Townsend Street?

The market value* for 340 Townsend Street in 2021-2022 was $41,279,780.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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