REO: Value Add Office | San Francisco | Steps to Civic Center

Highlights:

• Recent Leasing Momentum: Formerly occupied by a single tenant, a new multi-floor lease was recently executed with a second lease expected to be signed shortly, bringing occupancy to 30%.
• Office Layout Optionality: Remaining floor plates are approximately 15,000 SF, with multiple contiguous floors allowing for larger footprint users.
• Ideal Transit Location: Steps from the Civic Center stop on the Bay Area Rapid Transit Station (BART), which was the 4th most trafficked station in March-2026, ranking in the top 94% of all locations.
• Favorable Investment Environment: In Q1 2026, the Bay Area attracted over 80% of U.S. venture capital funding, with San Francisco accounting for nearly 60% of global AI investment in 2025.

Description:

Copy and paste this link to view full auction details on RI Marketplace: https://rimarketplace.com/auction/3181/office/san-francisco/ca?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=june24_2026&utm_content=office_3181

Colliers, in conjunction with RI Marketplace, is pleased to present the opportunity to acquire a 112,570-square-foot condominium interest in 1155 Market Street, also known as The Lighthouse Building (the “Property”), in the Civic Center submarket of San Francisco, California. With two new tenants, the Property will be 30.4% leased with a weighted average lease term of approximately 7.19 years. With another 75,000 square feet of available space, 1155 Market presents a user with the opportunity to occupy and fully customize a new headquarters location. Additionally, the in-place income enables investors more flexibility with existing cash flow to carry the asset through a lease-up period.

The Property consist of the Main Parcel condominium interest consisting of floors 1 through 8. Located in the Civic Center submarket, 1155 Market Street sits within one of San Francisco’s most supply-constrained office districts. With no new deliveries since 2012, the area has demonstrated resilience and continued demand from government, institutional, and non-profits tenants (like the two new tenants who signed leases at the Property). 1155 Market is well positioned to benefit from the city’s growing role in the AI and technology economy. In Q1 2026, the Bay Area attracted over 80% of U.S. venture capital funding, with San Francisco accounting for nearly 60% of global AI investment in 2025. With proximity to Civic Center institutions, theaters, and a variety of dining options, along with excellent access to BART, Muni, and multiple bus lines, 1155 Market presents a distinctive opportunity for an investor or owner/user to acquire an asset with long-term potential in the heart of San Francisco.