Doug MacMahon Of Moran Capital Acquires Office Building In San Francisco For $44M

The property asset involved in the transaction is a 10-story office building located at 240 Stockton Street in San Francisco's Union Square. The building spans 40,442 square feet and was sold for a transaction amount of $44,000,000, reflecting a price per square foot of $1,088. It features an 11,000-square-foot Gucci store located on the first two floors, along with three office floors that are available for lease.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $44,000,000
• Address: 240 Stockton Street
• Market: San Francisco
• Square Footage: 40,442
• Price Per Square Foot: $1,088
• Buyer: Doug MacMahon - Moran Capital
• Seller: Steve O'Connell - Grosvenor Americas

This transaction marks a continuation of Doug MacMahon's investment strategy in San Francisco, particularly focusing on the retail and office market. The purchase occurred nearly 45% below its purchase price from 2016, indicating a strategic acquisition for long-term investment.