655-685 4th Street LP Acquires Industrial Property On Folsom Street, San Francisco For $18.5M

Located at 1480 Folsom Street in the South of Market area of San Francisco, this industrial property recently changed hands in a sale transaction. The deal was closed on April 30, 2021, with a sale price of $18,500,000. Spanning across 40,000 square feet, the property is valued at approximately $463 per square foot. The buyer of this property is 655-685 4th Street LP, while the seller is Euromotors. The deal was facilitated by Zach Haupert, Michael Sanberg, and Trevor Gudim of TCP.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $18,500,000
• Address: 1480 Folsom Street, South of Market, San Francisco
• Market: South of Market, San Francisco
• Buyer: 655-685 4th Street LP
• Seller: Euromotors
• Brokers: Zach Haupert, Michael Sanberg & Trevor Gudim - TCP

This transaction involved notable individuals and companies in the real estate market. The buyer, 655-685 4th Street LP, took the opportunity to acquire this industrial property on Folsom Street. On the other side, Euromotors successfully sold the property. The deal was facilitated by Zach Haupert, Michael Sanberg, and Trevor Gudim, who represent TCP in real estate transactions.