SOLD
Fortress Investment Group Acquires $22.2M Loan Linked To SF Office Building
660 Market Street
Note / Loan
40,100 SF
40,100 SF
Sold 21 days ago
Summary
Sale
CALIFORNIA
Note / Loan
40,100 sqft
Located at 660 Market Street in San Francisco, the property involved in this transaction is a 40,100-square-foot office building. The note/loan for this asset was acquired by Joshua Pack & Drew McKnight of Fortress Investment Group for a sale price of $22,200,000, amounting to $554 per square foot.
Summary of transaction details:
- Property Type: Note / Loan
- Transaction Amount: $22,200,000
- Buyer: Joshua Pack & Drew McKnight - Fortress Investment Group
- Market: San Francisco
- Address: 660 Market Street
- Square Footage: 40,100
The acquisition of the $22.2 million loan for the office building was facilitated by Fortress Investment Group. The mortgage was purchased from Truist, the lender to the current owner, Jamestown. In case Jamestown fails to secure new financing or decides to relinquish the asset, Fortress could potentially foreclose on the fully leased building that houses various tenants like Knotel, Ginto Izakaya Japonaise, Culture Amp, Mithun, and Sola Salon.
Details
SOLD
IMAGE: 04/11/2024
ADDRESS: 660 Market Street
MARKET: San Francisco
ASSET TYPE: Note / Loan
BUYER: Joshua Pack & Drew McKnight - Fortress Investment Group
SALE PRICE: $22,200,000
SF: 40,100 ~ PPSF: $554
NOTE: Fortress Investment Group acquired a $22.2 million loan linked to a 40,100-square-foot office building in Downtown San Francisco, potentially giving it control of the property currently owned by Jamestown. The mortgage was purchased from Truist, the lender to Jamestown, and if Jamestown fails to secure new financing or decides to relinquish the asset, Fortress could foreclose on the building, which is fully leased and hosts various tenants including Knotel, Ginto Izakaya Japonaise, Culture Amp, Mithun, and Sola Salon.View on map
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Address660 Market Street
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