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San Francisco Giants Acquire Curran Theatre At 445 Geary Street For $13.66M From Carole Shorenstein Hays
SOLD
$13,660,000
California
See Similar DealsCommercial30,000 SF
Sold 12/26/2025
SOLD
San Francisco Giants Acquire Curran Theatre At 445 Geary Street For $13.66M From Carole Shorenstein Hays
445 Geary Street
See Similar DealsCommercial30,000 SF
Sold 12/26/2025
Summary
CALIFORNIA
Asset Type:Commercial
Price Per Square Foot:$455
Total Square Footage:30,000 SF
Transaction Type:Sale
The Curran Theatre, a historic commercial property located at 445 Geary Street in San Francisco, has been sold for $13.66 million. The asset encompasses 30,000 square feet, amounting to approximately $455 per square foot.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $13,660,000
- Address: 445 Geary Street
- Market: San Francisco
- Buyer: Larry Baer - San Francisco Giants
- Seller: Carole Shorenstein Hays
- Square Footage: 30,000
- Price Per Square Foot: $455
The transaction marks the conclusion of an 18-month marketing period, with Carole Shorenstein Hays, the longtime owner, divesting the cultural landmark to the San Francisco Giants, represented by Larry Baer.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$728,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$48,531.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,755.37
Annual Debt Service$777,064.43
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