Sterling Organization Acquires Industrial Property In San Francisco For $19.3M

The industrial property located at 1270 Bush Street in San Francisco has been sold in a recent transaction. The sale was facilitated by brokers Mark Geisreiter, Seth McKinnon, and Nadav Kariv from Newmark. The property spans approximately 38,000 square feet and was acquired by Sterling Organization from Paceline Investors. The sale price for the property amounted to $19,300,000, resulting in a price per square foot of $507.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $19,300,000
• Address: 1270 Bush Street, San Francisco
• Market: San Francisco
• Buyer: Sterling Organization
• Seller: Paceline Investors
• Brokers: Mark Geisreiter, Seth McKinnon, and Nadav Kariv - Newmark
• Square Footage: 38,000
• Price per Square Foot: $507

The deal was finalized on 21st January 2022, marking a successful transaction in the San Francisco industrial market. The involvement of Sterling Organization as the buyer and Paceline Investors as the seller showcases the significance of these companies in the real estate sector.