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Rubicon Point Partners Acquires San Francisco Office Building For $72M

123 Townsend Street
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This Office property located in CA was sold for $72,000,000 4 months ago. The brokers of the deal were Steven Golubchik, Edmund Najera, Jonathan Schaefler, and Darren Hollak

An office property located at 123 Townsend Street in San Francisco has been sold for $72,000,000. The property spans a total area of 137,624 square feet, resulting in a price per square foot of $523. The transaction involved Rubicon Point Partners as the buyer and CBRE Investment Management as the seller.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $72,000,000
  • Address: 123 Townsend Street, San Francisco
  • Market: San Francisco
  • Square Footage: 137,624
  • Price Per Square Foot: $523
  • Buyer: Rubicon Point Partners
  • Seller: CBRE Investment Management

The transaction was facilitated by the brokers Steven Golubchik, Edmund Najera, Jonathan Schaefler, and Darren Hollak from Newmark. They played a key role in connecting the buyer and seller and ensuring the successful completion of the deal.

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Deals
  • Location
    123 Townsend Street123 Townsend Street
  • Sale Price
    $72,000,000$72,000,000
    $523 PPSF$523 PPSF
  • Area
    137,624 SF137,624 SF
  • Asset Type
    OfficeOffice
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Steven Golubchik

Steven Golubchik

Deals10
Sold$1.2B

Jonathan Schaefler

Jonathan Schaefler

Deals7
Sold$415.5M

Darren Hollak

Darren Hollak

Deals8
Sold$950.5M

Agency

Newmark

Newmark

Agency
Deals3777
Volume$391.9B

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Deal Summary

SALE IMAGE: Steven Golubchik, Edmund Najera, Jonathan Schaefler & Darren Hollak DATE: 10/25/2023 ADDRESS: 123 Townsend Street MARKET: San Francisco ASSET TYPE: Office BUYER: Rubicon Point Partners SELLER: CBRE Investment Management BROKERS: Steven Golubchik , Edmund Najera, Jonathan Schaefler (@Schaefler_Travels) & Darren Hollak (@DarrenHollak) - Newmark (@Newmark) SALE PRICE: $72,000,000 SF: 137,624 ~ PPSF: $523

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