Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee recommends SFPUC buy industrial property at Third and Evans for $15 million
Summary
The Budget & Finance Committee voted to forward a resolution recommending the purchase of a 4.68-acre industrial site at 1550 Evans Avenue/330 Newhall Street for use by the San Francisco Public Utilities Commission, citing operational consolidation and a purchase price of $15,000,000 versus a $16,000,000 appraisal.
The Budget & Finance Committee recommended the Board of Supervisors approve the San Francisco Public Utilities Commission's purchase of two parcels at 1550 Evans Avenue and 330 Newhall Street for $15,000,000.
John Updike, Director of Real Estate, told the committee the property consists of about 4.68 acres and a combined building area of roughly 50,593 square feet, with approximately 32,000 square feet of office space and about 19,000 square feet of secure warehouse space. He said the seller is Third and Evans LLC, controlled by the Morgan family, and that "the negotiated purchase price in the agreement before you today is $15,000,000.…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
