Updated Nov 28, 2024
Tishman Speyer Acquires 2.9-Acre Industrial Site In San Francisco For $32.75M
2225 Jerrold Ave San Francisco, CA 94124, USA
$32,750,000
$545/SF
Building Size
60,000 SF
Asset Type
Industrial
Closing
Jul 27, 2023
About this deal
AI
Tishman Speyer acquired a 2.9-acre industrial site located at 2225 Jerrold Avenue in San Francisco's Bayview neighborhood for a total sales price of $32,750,000. The property encompasses 60,000 square feet and has a price per square foot of $546. The transaction took place on July 27, 2023, and the seller of the property was the Academy of Art University.
Summary of Transaction Details:
- Property Type: Industrial
- Transaction Amount: $32,750,000
- Address: 2225 Jerrold Avenue, San Francisco
- Market: San Francisco
- Acres: 2.9
- SF: 60,000
- PPSF: $546
- Buyer: Tishman Speyer - Andy Burke
- Seller: Academy of Art University
Tishman Speyer's acquisition of this industrial site is part of its new industrial platform strategy. The company plans to reposition the property for prime urban industrial use, leveraging its location and potential in San Francisco's Bayview neighborhood.
On the Map
$32,750,000
$545/SF
Industrial
View full map
Players
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Tishman Speyer to view all their deals.
Browse Los Angeles industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93