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2222 Polk Street, San Franc...

Coldwell Banker Commercial Realty Sells Mixed-Use Property In San Francisco For $33M
SOLDMixed-use

Coldwell Banker Commercial Realty Sells Mixed-Use Property In San Francisco For $33M

2222 Polk Street, San Francisco, California 94109, United States

$33,000,000

Building Size

Asset Type

Mixed-use

Closing

Oct 25, 2022

AI

This mixed-use property located at 2222 Polk Street in San Francisco, CA was recently sold in a closed transaction. The sale was facilitated by Dan McGue of Coldwell Banker Commercial Realty, who represented the parties involved.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $33,000,000
  • Units: 42
  • Price per Unit: $785,714

The sale of this property marks a significant milestone for the real estate market in San Francisco. With its prime location on Polk Street, this mixed-use asset offers a diverse range of residential and commercial spaces. The transaction was successfully completed on October 26, 2022.

Players

Dan McGue

Broker

$53.4M

vol

3 deals

Broker

San Francisco Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93