Bardia Housman & Stephen Weir Of StartupHQ Acquire Office Building In San Francisco For $20M

55 New Montgomery Street, located in San Francisco, is a historic office building that encompasses 100,000 square feet. The property was sold for $20,000,000, equating to approximately $200 per square foot. This transaction marks a significant decrease in value, as it reflects a 69% drop from the $64.25 million paid by the previous owner in 2018 under a prolonged period of default and foreclosure.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $20,000,000
• Address: 55 New Montgomery Street
• Market: San Francisco
• Buyer: Bardia Housman & Stephen Weir - StartupHQ
• Seller: Christopher Peatross - Swift Real Estate Partners
• Square Footage: 100,000
• Price Per Square Foot: $200

Bardia Housman and Stephen Weir, representing StartupHQ, are the new buyers of the property, while Christopher Peatross represented Swift Real Estate Partners as the seller. This deal reflects significant shifts in ownership amidst financial challenges faced by the building in recent years.