Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 152 Geary Street (the “Property”), a ±11,500 square foot luxury retail building located in the heart of San Francisco’s Union Square. The Property is 76% leased on a NNN basis to Banana Republic (subsidiary of Gap, Inc.) with ±8 years of remaining term, providing a long-term cash flow stream with near-term upside potential as the remaining vacant floor is leased. 152 Geary Street serves as Banana Republic’s Union Square flagship store.
152 Geary is located directly across the street from one of Neiman Marcus’ top performing stores in the country and is steps from Union Square. The Property benefits from strong co-tenancy with Chanel, Van Cleef & Arpels, Bottega Veneta, Valentino, Neiman Marcus and future Bang & Olufsen on the same block.