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SOMA Office Building Commands $228 Per SF

SAN FRANCISCO-A Beverly Hills-based investor pays $16.8 million for a 73,755-sf, four-story building on Townsend Street that is fully leased.

By Brian K. Miller | Updated on December 04, 2006

SAN FRANCISCO-A low-rise, 73,755-sf office building built here in 1912 has changed hands for $16.8 million, or about $228 per sf. The four-story brick-and-timber building is located at 410 Townsend St. in the South of Market area.

The property was last renovated in 1999 and is 100% leased. Tenants include Wells Fargo, Sony and Avenue A/Razorfish.

PMI Properties of Beverly Hills is the new owner. The seller was Rosenberg SOMA Investments. Tony Crossley and Frank Wheeler of Colliers International had the disposition assignment. Neither Wheeler nor PMI Properties could be reached Monday afternoon for comment on who the largest tenants are and when their leases are set to expire.

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