facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Office

/

Sale

/

1076 Howard Street, San Fra...

Sveiks Holdings, Weiglein Properties, And Glade Barne Holdings Acquire South Of Market Office Building For $17.5M
SOLDOffice

Sveiks Holdings, Weiglein Properties, And Glade Barne Holdings Acquire South Of Market Office Building For $17.5M

1076 Howard Street, San Francisco, California 94103, United States

$17,500,000

$1,029/SF

Building Size

17,000 SF

Asset Type

Office

Closing

Aug 3, 2022

AI

Located in the South of Market neighborhood, the office building at 1076 Howard has been sold in a closed transaction. The property, spanning 17,000 square feet, was sold for a total price of $17,500,000, resulting in a per square foot price of $1,029. The sale was brokered by Mark Geisreiter of Newmark.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $17,500,000
  • Address: 1076 Howard
  • Market: South of Market

The buyers of the property were Sveiks Holdings, Weiglein Properties, and Glade Barne Holdings, while Vantage Property Investors acted as the seller. Mark Geisreiter of Newmark represented the buyers in the deal.

Players

Mark Geisreiter

Newmark

Broker

$48.3M

vol

3 deals

Broker
SH
Sveiks HoldingsBuyer

San Francisco Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93