District Council No. 16 Acquires Industrial Property In South Of Market, San Francisco For $8M
65 Oak Grove Street, San Francisco, CA, USA
$8,000,000
$500/SF
Building Size
16,000 SF
Asset Type
Industrial
Closing
Jun 11, 2020
AI
The industrial property located at 65 Oak Grove Street in South of Market, San Francisco has been sold for $8,000,000. Spanning an area of 16,000 square feet, the property was purchased by District Council No. 16, of the International Union of Painters & Allied Trades from the seller Peery Joseph C 2020 Trust. The sale price reflects a per square foot value of $500.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,000,000
- Date: 06/11/2021
- Address: 65 Oak Grove Street, South of Market, San Francisco
The buyer, District Council No. 16, of the International Union of Painters & Allied Trades, was represented by Andy Samudio of Keller Williams. On the other hand, the seller, Peery Joseph C 2020 Trust, had representation from Zach Haupert, Michael Sanberg, Trevor Gudim from TCP Inc, and Edward Maiello from Citivision Commercial. These individuals and companies played crucial roles in facilitating the transaction.
Players
San Francisco Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93