Garrett Brasseaux Of Cypress Capital Investments Purchases 18-Unit Mixed-Use Building For $9.7 Million

A mixed-use property located at 501 Hayes Street, San Francisco, has been sold for $9.7 million. The asset comprises 18 units with a total square footage of 15,700. The price per unit stands at $538,889, and the price per square foot is $618.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $9,700,000
• Units: 18
• Square Footage: 15,700
• Price Per Unit: $538,889
• Price Per Square Foot: $618
• Buyer: Garrett Brasseaux - Cypress Capital Investments
• Seller: Bogart & Gall Families
• Brokers: Brad Lagomarsino & Dustin Dolby - Colliers

Garrett Brasseaux, representing Cypress Capital Investments, facilitated the acquisition of the property, marking this as the firm's third multifamily purchase in San Francisco within the past year. Brasseaux perceives the current market dynamics in San Francisco as a promising long-term investment opportunity, citing unique challenges and potential for future growth.