Vigilant Real Estate Holdings Acquires Industrial Property In South San Francisco For $41M

The industrial property located at 439 Eccles Avenue in South San Francisco has been sold. The transaction took place on December 9, 2022. The property, with a total area of 41,000 square feet, was sold for a price of $41,000,000, resulting in a price per square foot of $1,000. The buyer in this transaction was Vigilant Real Estate Holdings, represented by David Fowler from Hill Capital. The seller was Allan & Henry Inc, with Bitterlin Companies acting as their representative.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $41,000,000
• Address: 439 Eccles Avenue, South San Francisco
• Buyer: Vigilant Real Estate Holdings - David Fowler; Hill Capital
• Seller: Allan & Henry Inc
• Buyer's Representative: Matt Squires - Cushman & Wakefield
• Seller's Representative: Bitterlin Companies

Matt Squires from Cushman & Wakefield represented the buyer, Vigilant Real Estate Holdings, in this transaction. The involvement of Hill Capital and David Fowler in the buyer's side added strategic expertise to the deal. On the seller's side, Bitterlin Companies played a key role in representing Allan & Henry Inc. This transaction demonstrates the strong market for industrial properties in South San Francisco.