Tyler Mattox Jason Neiger Michael Mullahey Acquire Industrial Asset In San Francisco For $10.84M
1555 Burke Avenue
$10,840,000
$271/SF
Building Size
40,000 SF
Asset Type
Industrial
Closing
Feb 13, 2025
AI
The industrial asset located at 1555 Burke Avenue in the San Francisco market was involved in a sale transaction. The sale price for the property was $10,840,000, and it encompasses a total area of 40,000 square feet, resulting in a price per square foot of $271.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,840,000
- Address: 1555 Burke Avenue
- Market: San Francisco
- Square Footage: 40,000
- Price Per Square Foot: $271
- Buyer: Tyler Mattox, Jason Neiger & Michael Mullahey - MCA Realty
- Seller: Salvarezza Family
- Broker: Karl Hansen - CBRE
The deal featured notable individuals including buyers Tyler Mattox, Jason Neiger, and Michael Mullahey from MCA Realty, collectively representing the interests of the buyer in this transaction. The seller was represented by the Salvarezza Family, and the brokerage services were provided by Karl Hansen from CBRE.
Players
San Francisco Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93