Updated Oct 28, 2024
SteelWave Acquires Mixed-Use Property In South San Francisco For $85M
101 Terminal Court, South San Francisco, California 94080, United States
$85,000,000
Building Size
—
Asset Type
Mixed-use
Closing
May 12, 2022
About this deal
AI
The mixed-use property located at 101 Terminal Court in South San Francisco has been sold for a staggering price of $85,000,000. The transaction took place on May 13, 2022, and the property spans across 10.0 acres. The sale was facilitated by SteelWave, represented by Steve Dunn, who acted as the buyer's representative. Park 'N Fly served as the seller in the deal.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $85,000,000
- Address: 101 Terminal Court, South San Francisco
- Market: South San Francisco
- ACRES: 10.0
SteelWave, with the assistance of Steve Dunn from their agency, successfully acquired the property from Park 'N Fly in this notable transaction. The sale reflects the high value and demand for mixed-use properties in South San Francisco's real estate market.
Players
South San Francisco Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93