San Francisco Department Of Homelessness And Supportive Housing Acquires Hotel On Turk Street For $34.8M

The San Francisco Department of Homelessness and Supportive Housing, represented by Dean Preston & Shireen McSpadden, recently acquired a hotel property located at 835 Turk Street in San Francisco. The property features a total of 114 units, with a sale price of $34,800,000, resulting in an average price per unit of $305,263. Situated in the vibrant market of San Francisco, this hotel asset presents a significant opportunity for the buyer.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $34,800,000
• Units: 114
• Price per Unit: $305,263
• Buyer: San Francisco Department of Homelessness and Supportive Housing - Dean Preston & Shireen McSpadden

This acquisition represents an important step for the San Francisco Department of Homelessness and Supportive Housing, as they seek to expand their capacity to provide shelter and support services. Dean Preston & Shireen McSpadden played a crucial role in facilitating the transaction, ensuring the smooth execution of the deal. With this purchase, the buyer is poised to make a positive impact on the local community, addressing the growing issue of homelessness in the city.