Bell Partners Acquires Multifamily Property In South San Francisco For $206M

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.