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2001 Junipero Serra Bouleva...

Updated Oct 28, 2024

Phase 3 Real Estate Partners Acquires Office In San Francisco For $168M
SOLDOffice

Phase 3 Real Estate Partners Acquires Office In San Francisco For $168M

2001 Junipero Serra Boulevard, San Francisco, CA, USA

$168,000,000

$438/SF

Building Size

383,123 SF

Asset Type

Office

Closing

May 18, 2021

About this deal

AI

2001 Junipero Serra Blvd, a 383,123 square foot office property located in San Francisco, was recently sold for $168,000,000.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $168,000,000
  • Market: San Francisco

The buyer, Phase 3 Real Estate Partners represented by Michael Gerrity, acquired the property from the seller, Harvest Properties and Cerberus Capital Management, represented by Stephen A. Feinberg.

No additional information is available regarding this transaction.

The office sale at 2001 Junipero Serra Boulevard, San Francisco, CA, USA in San Francisco, California sold for $168M in 2021. The building is 383,123 square feet, implying about 438 per square foot on the published price. Named participants on the 2001 Junipero Serra Boulevard, San Francisco, CA, USA sale are Michael (Mike) Gerrity. This page is the San Francisco, California file for the 2001 Junipero Serra Boulevard, San Francisco, CA, USA office sold: pricing, party profiles, and other closed office comps from the same San Francisco sit in the Market section below. Filter that San Francisco office set by closing date to see what else sold near 2001 Junipero Serra Boulevard, San Francisco, CA, USA around 2021. Published consideration for 2001 Junipero Serra Boulevard, San Francisco, CA, USA is $168M, dated 2021. Cite this Phase 3 Real Estate Partners Acquires Office In San Francisco For $168M sale when underwriting similar office product around San Francisco, California.

Players

Michael Gerrity

Broker

$168M

vol

1 deal

Broker
PP
Phase 3 Real Estate PartnersBuyer

San Francisco Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $438 per square foot on a published $168M for 383,123 square feet (2021).

Visit Michael (Mike) Gerrity to view all their deals.

Browse California office sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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