SOLD
City And County Of San Francisco Acquires Mixed-Use Building In San Francisco For $27M
1174-1178 Folsom Street & 663 Clementina Street
Mixed-use
Sold 151 days ago
Summary
Sale
CALIFORNIA
Mixed-use
The City and County of San Francisco has acquired a luxury mixed-use building located at 1174-1178 Folsom Street & 663 Clementina Street in San Francisco. The property, known as ŌME, was sold by Greenseed Folsom Land LLC for a total of $27 million. The sale was brokered by Payam Nejad of Colliers. The mixed-use building will be transformed into supportive housing for young individuals who are currently unhoused.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $27,000,000
- Market: San Francisco
- Address: 1174-1178 Folsom Street & 663 Clementina Street
- Buyer: The City and County of San Francisco
- Seller: Greenseed Folsom Land LLC
- Broker: Payam Nejad - Colliers
- Units: 46
- Price per Unit (PPU): $586,957
This transaction demonstrates Colliers' commitment to municipal sales and their dedication to maximizing property potential.
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Details
SOLD
IMAGE: Payam Nejad
DATE: 12/08/2023
ADDRESS: 1174-1178 Folsom Street & 663 Clementina Street
MARKET: San Francisco
ASSET TYPE: Mixed-use
BUYER: The City and County of San Francisco (@SFGov)
SELLER: Greenseed Folsom Land LLC
BROKER: Payam Nejad - Colliers (@ColliersInternational)
SALE PRICE: $27,000,000
UNITS: 46 ~ PPU: $586,957
NOTE: Luxury mixed-use building ŌME sold to City and County of San Francisco for $27 million+ to provide supportive housing for young, unhoused individuals.Colliers brokered the sale, demonstrating their commitment to municipal sales to maximize property potential.View on map
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Address1174-1178 Folsom Street & 663 Clementina Street
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