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65 Oak Grove Street, San Fr...

District Council No. 16 Acquires Industrial Property In South Of Market, San Francisco For $8M
SOLDIndustrial

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

Zach Haupert

Broker

$33.8M

vol

3 deals

Broker

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

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93