X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO-A 16,000-sf flex property in San Francisco has been sold for $2.45 million.

The property, located at 135-141 10th St., was purchased by William Foreman. The seller of the property, the Barnes Family Trust, completed renovations to the property in September. The property was sold vacant and in warm shell condition.

Foreman was represented by Virgil Caselli of Ritchie Commercial, who reports that the second floor offices have been leased. Foreman will be relocating his printing business, Spectrum Graphix, into the ground and mezzanine floors of the property.

The Barnes Family Trust was represented by Arthur Lange of Citivision Commercial, who says that escrow on the property opened in December 2000 at a high of $4.1 million, but the deal fell through due to the dot-com bust.

“This price should serve as the new benchmark for superior concrete commercial warehouse buildings south of Market,” adds Lange.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.