facebook
Traded Co logo
Submit

Dynamic City Capital Acquires Hotel In Downtown San Francisco For $105.9M

Property Image
SOLD
$105,900,000

California

See Similar Deals
Hotel50,000 SF
Sold 02/09/2022
the dealdetailscomps
Property Image
SOLD

Dynamic City Capital Acquires Hotel In Downtown San Francisco For $105.9M

701 3rd Street, San Francisco, California 94107, United States

See Similar Deals
Hotel50,000 SF
Sold 02/09/2022
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$2,118
Total Square Footage:50,000 SF
Transaction Type:Sale

The hotel located at 701 Third Street in Downtown San Francisco has been sold. The property, which is a hotel, was sold for a total of $105,900,000. The transaction took place on February 9, 2022.

Summary of transaction details

  • Property Type: Hotel
  • Sale Price: $105,900,000
  • Date: February 9, 2022
  • Address: 701 Third Street, Downtown San Francisco

The buyer of the hotel is Dynamic City Capital, while the seller is Stonebridge Cos. The hotel features 230 keys, with a price per key of $460,243.

Players

DC
Dynamic City Capital
BUYER

Details

SOLD
IMAGE: Joel Sybrowsky, Cory Turner, Ryan Phelps, Nate Taylor, Adam Ricks & Tom Jacobson DATE: 02/09/2022 ADDRESS: 701 Third Street MARKET: Downtown San Francisco ASSET TYPE: Hotel BUYER: Dynamic City Capital SELLER: Stonebridge Cos. SALE PRICE: $105,900,000 KEYS: 230 ~ PPK: $460,243

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,647,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$376,240.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$502,020.03
Annual Debt Service$6,024,240.33