535 Pacific LLC Acquires Historic Little Fox Theatre Building In San Francisco For $59.7M
535 Pacific Avenue
$59,700,000
$1,695/SF
Building Size
35,221 SF
Asset Type
Office
Closing
Feb 13, 2024
AI
The historic Little Fox Theatre building in Jackson Square was recently sold for nearly $60 million. The buyer, 535 Pacific LLC, acquired the property from Clint Reilly, who represents The Clint Reilly Organization. The sale price for the office asset was $59,700,000, with a total square footage of 35,221. This translates to a price per square foot (PPSF) of $1,695. The property is located at 535 Pacific Avenue in the San Francisco market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $59,700,000
- Square Footage: 35,221
- Price per Square Foot: $1,695
- Address: 535 Pacific Avenue
- Market: San Francisco
Jony Ive, the former Apple designer, was linked to the entity that purchased the Little Fox Theatre building. This acquisition further expands Ive's presence in the Jackson Square Historic District, showcasing his influence in the area's early 20th-century buildings.
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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93