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1301 Folsom StreetSan Francisco, CA 94103
1301 Folsom
Asset ClassIndustrial, Mixed Use, Office
overview of deal

Overview

Newmark, as exclusive advisor, is pleased to extend to qualified investors the opportunity to acquire the 100% fee-simple interest in 1301 Folsom Street (the “Property”), a completely renovated 3-story R&D building in San Francisco's coveted SOMA district. The Property consists of +/- 38,042 rentable square feet and is 100% leased to Medra, Inc (“Medra”). Medra is an AI and robotics company that builds automated lab systems to accelerate life science and drug discovery research, rather than a traditional medical device manufacturer. 1301 Folsom has been fully modernized, with over $200 per square foot recently spent on capital improvements over the past seven years, including a robust 2,000-amp, 277/480V three-phase electrical service. This heavy power infrastructure delivers approximately 44 VA per square foot, two to three times the capacity of standard commercial buildings, providing the power density required to support advanced R&D, laboratories, manufacturing, and other power-intensive uses.

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Investment Highlights

  • Standout power with robust 2,000-amp, 277/480V three-phase electrical service
  • Current ownership has spent over $200 per square foot improving the property since 2018
  • Demand for R&D space continues to improve with positive average absorption over the previous 8 quarters
  • 1301 Folsom delivers strong in-place cash flow with rent below current market levels, creating near-term upside through mark-to-market upon lease rollover
  • Located within walking distance to public transit and immediate access to I-80, Highway 80, and Highway 101.
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1301 Folsom StreetSan Francisco, CA 94103

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