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Turbineau Real Estate Partners Acquires Office Building From Embarcadero Capital Partners For $8M In San Francisco

Property Image
SOLD
$8,000,000
JH
EY

California

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Office69,650 SF
Sold 04/09/2025
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Property Image
SOLD

Turbineau Real Estate Partners Acquires Office Building From Embarcadero Capital Partners For $8M In San Francisco

1035 Howard Street

See Similar Deals
Office69,650 SF
Sold 04/09/2025
JH
EY
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$114
Total Square Footage:69,650 SF
Transaction Type:Sale

The property asset involved in the transaction is a creative office building located at 1035 Howard Street in San Francisco. The sale was completed for a total of $8,000,000, equating to approximately $115 per square foot for the 69,650 square feet of space within the building.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $8,000,000
  • Address: 1035 Howard Street
  • Market: San Francisco
  • Square Footage: 69,650
  • Price per Square Foot: $115
  • Buyer: Tourbineau Real Estate Partners
  • Seller: John Hamilton & Eric Yopes - Embarcadero Capital Partners

The deal highlights the involvement of Tourbineau Real Estate Partners as the buyer and John Hamilton & Eric Yopes from Embarcadero Capital Partners as the sellers of the property. Embarcadero Capital Partners realized a significant loss from their previous purchase price of $25,000,000.

Players

JH
John Hamilton
3 deals$31.8M volume
SELLER
EY
Eric Yopes
3 deals$31.8M volume
SELLER

Details

SOLD
IMAGE: John Hamilton & Eric Yopes DATE: 04/09/2025 ADDRESS: 1035 Howard Street MARKET: San Francisco ASSET TYPE: Office BUYER: Tourbineau Real Estate Partners SELLER: John Hamilton & Eric Yopes - Embarcadero Capital Partners SALE PRICE: $8,000,000 SF: 69,650 ~ PPSF: $115 NOTE: Stackhouse Properties acquired the 69,650 SF creative office building at 1035 Howard St. in San Francisco for $8M ($115/SF). Embarcadero Capital Partners was the seller, taking a steep loss from its prior $25M purchase.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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