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

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SOLD
$9,700,000
Brad Lagomarsino
Dustin Dolby

California

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Mixed-use15,700 SF
Sold 09/04/2024
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Property Image
SOLD

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

501 Hayes Street

See Similar Deals
Mixed-use15,700 SF
Sold 09/04/2024
Brad Lagomarsino
Dustin Dolby
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$617
Total Square Footage:15,700 SF
Transaction Type:Sale

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.

Players

Brad Lagomarsino
Colliers
Brad Lagomarsino
4 deals$93.7M volume
BROKER
Dustin Dolby
Colliers
Dustin Dolby
3 deals$75.7M volume(415) 288-7869
BROKER

Details

SOLD
IMAGE: Brad Lagomarsino, Garrett Brasseaux & Dustin Dolby DATE: 09/04/2024 ADDRESS: 501 Hayes Street MARKET: San Francisco ASSET TYPE: Mixed-use BUYER: Garrett Brasseaux - Cypress Capital Investments SELLER: Bogart & Gall Families BROKERS: Brad Lagomarsino & Dustin Dolby - Colliers (@ColliersInternational) SALE PRICE: $9,700,000 UNITS: 18 ~ PPU: $538,889 SF: 15,700 ~ PPSF: $618 NOTE: Cypress Capital Investments, led by Garrett Brasseaux, purchased a 18-unit apartment building at 501 Hayes Street in San Francisco for $9.7 million, marking its third multifamily acquisition in the city within a year. Brasseaux views San Francisco's current market as a long-term opportunity, driven by its unique challenges and potential future growth.

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