Bell Partners Acquires Multifamily Property In South San Francisco For $206M
400 Cypress Avenue
MultiFamily
Sold 1 year ago
Summary
The multifamily property located at 400 Cypress Ave in South San Francisco has been sold for a total of $206,000,000. The transaction took place on 05/13/2022 and involved a total of 260 units. The price per unit equated to $793,000, indicating a significant investment in this asset.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $206,000,000
- Date: 05/13/2022
- Address: 400 Cypress Ave
- Market: South San Francisco
- Buyer: Bell Partners - Lili F. Dunn
- Seller: Sares Regis Group - Drew Hudacek & AFL-CIO Building Trust Investment
- Broker: Brett Betzler - Berkadia Institutional Solutions
- Units: 260
- Price Per Unit (PPU): $793,000
Bell Partners, represented by Lili F. Dunn, acquired the property from Sares Regis Group. The seller was represented by Drew Hudacek & AFL-CIO Building Trust Investment. The brokerage services were provided by Brett Betzler from Berkadia Institutional Solutions. This transaction marks a significant investment in the thriving multifamily market in South San Francisco.
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400 Cypress Avenue
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