Levi Cohen & Joseph Ely Acquire 161 Starlite Street In South San Francisco For $16M

The asset involved in this transaction is an industrial property located at 161 Starlite Street, South San Francisco, CA. The sale price reached $16,000,000, and the property is a 1965 industrial building that will be converted into 86 microbay flex spaces ranging from 200 to 2,000 square feet. The renovation is set to open in the second quarter of 2027, targeting small businesses amid limited availability of industrial spaces under 2,000 square feet.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16,000,000
• Buyer: Levi Cohen & Joseph Ely
• Buying Company: Warespace
• Property Address: 161 Starlite Street, South San Francisco, CA
• Market: South San Francisco, CA

The deal was facilitated by Levi Cohen and Joseph Ely, representing Warespace in their first acquisition in the Bay Area. Their strategic plan for the property revolves around creating functional spaces for small businesses, emphasizing a response to the current limitations in the availability of smaller industrial spaces.