SAN FRANCISCO (September 28, 2016) – SRS Real Estate Partners (SRS) is pleased to announce the sale of a 55,000-square-foot office building located at 2171 Junipero Serra Blvd. in Daly City, Calif. Built in 1989, this Class A Type 1 concrete and steel building is strategically located next to U.S. Interstate 280 and only three blocks from the Daly City BART station. The property sold for $24,000,000 on Sept. 23, 2016 and is considered a rarity in the Northern Peninsula office market, as it is one of a few quality buildings serving smaller professional tenants. In addition, Daly City is enticing to businesses given its attractive transportation options and lack of a payroll tax.
Michael Federle with SRS Real Estate Partners represented the seller, Brothers International of San Francisco. The buyer is undisclosed.
About SRS Real Estate Partners
SRS Real Estate Partners (SRS) is the largest national real estate company in the country exclusively dedicated to retail services. Headquartered in Dallas with multiple offices nationwide, SRS’ strong presence across the country provides the company with unparalleled local knowledge on a national platform. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and managed services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. For more information, please visit srsre.com/san-francisco.