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REIT Invests $36.5M in One Beach St.

Swig Co. Sells 97,614-SF Office Property
January 25, 2012
San Diego-based REIT American Assets Inc. acquired One Beach St. in San Francisco, CA’s North Waterfront area from The Swig Co. for $373 per square foot or $36.5 million.

Built in 1924, the three-story office building measures 97,614 square feet. One Beach St. is 100 percent leased and occupied by Skyy Spirits, Alliant University and S/B Architects.

Located on the Embarcadero in the North Waterfront area, One Beach St. is a fully modernized building. Each floor features views of San Francisco Bay, Alcatraz and the boat Marina at Pier 39. It is equipped with fiber optic and complete communication capabilities and operable windows. The property is located on the MUNI "F" Line.

See CoStar COMPS #2247771 for more information.

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