Garrett Brasseaux Of Cypress Capital Investments Acquires Nob Hill Multifamily From Neveo Mosser For $16.5M

The asset involved in this transaction is a 75-unit multifamily apartment building located at 1060 Bush Street in the San Francisco market. The sale price for the property was $16,500,000, translating to a per-unit price of $220,000. The building has a total square footage of 47,000, with a price per square foot of $351.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,500,000
• Buyer: Garrett Brasseaux - Cypress Capital Investments
• Seller: Neveo Mosser - Mosser Capital
• Brokers: Brad Lagomarsino & Dustin Dolby - Colliers
• Units: 75
• Square Footage: 47,000
• Price Per Unit: $220,000
• Price Per Square Foot: $351

This transaction involved Garrett Brasseaux representing Cypress Capital Investments as the buyer, while Neveo Mosser represented Mosser Capital as the seller. The deal follows a significant financial distress for Mosser Companies, which included defaulting on a $14 million loan from JPMorgan that led to receivership.