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

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.