SteelWave Acquires Mixed-Use Property In South San Francisco For $85M
SOLD
$85,000,000
California
See Similar DealsMixed-use
Sold 05/13/2022
SOLD
SteelWave Acquires Mixed-Use Property In South San Francisco For $85M
101 Terminal Court, South San Francisco, California 94080, United States
See Similar DealsMixed-use
Sold 05/13/2022
Summary
CALIFORNIA
Asset Type:Mixed-use
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,533,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$301,987.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$402,943.36
Annual Debt Service$4,835,320.38
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