Updated Dec 21, 2023
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
Units
42
Asset Type
Mixed-use
Closing
Oct 25, 2022
About this deal
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
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