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
San Francisco Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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