CONFIDENTIAL — OFFERING MEMORANDUM
1234 Market Street · San Francisco, CA 94103
Class A office · 186,420 rentable SF · 68% occupied
Investment highlights
• In-place NOI $4.2M; seller guidance 6.2% cap
• Weighted avg lease term 4.1 years; 3 anchors below market
• Phase I clean; no RECs identified in preliminary review
Diligence status (as of Jul 3)
→Estoppels collected: 23 of 30
→SNDA — Wells Fargo: outstanding 14 days
→Title exception #7 — easement not on survey