Newmark has been exclusively retained to market for sale or recapitalization the fee simple condominium interest in Avery 450 (the “Property” or the “Offering”), San Francisco’s newest, most striking 56-story apartment tower. The collateral of the Offering is comprised of 350 rental units, located on floors 1-32 of the tower, 17,515 square feet of fully-leased neighborhood-serving retail, and a three-level subterranean parking garage accommodating 218 parking spaces.

The Property, developed and delivered by Related in 2019, offers its residents a bold and preeminent celebration of elevated living, boasting spacious units with top-of-the-line, condominium-quality finishes, as well as world-class amenities outrivaling those of any rental or condo building in the city.

Located at 450 Folsom Street between First Street & Fremont Street in the heart of Rincon Hill, the Property offers its residents coveted centrality, adjacent to the city’s most prominent buildings as well as myriad highly acclaimed restaurants, bars, hotels, green spaces, and public transit.

At 94% leased, with average in-place market rate rents at $6.44 PSF and lease trade-outs achieving 18% over the last 12 months, the Offering presents the opportunity to acquire a generational multifamily asset providing stable cash flow, plus ample rental and operational upside.

There are also 54 unsold condominium units available for bulk sale. All inquiries regarding both the rentals and condominiums should be directed to Newmark.