Updated Dec 4, 2024
SC Builders Acquires Office Property In San Francisco For $8.4M
701 Sutter Street
$8,400,000
$436/SF
Building Size
19,250 SF
Asset Type
Office
Closing
Sep 20, 2023
About this deal
AI
SC Builders has acquired an office property located at 701 Sutter Street in San Francisco. The property, spanning 19,250 square feet, was sold for a total of $8,400,000. This transaction reflects a price per square foot of $436.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,400,000
- Address: 701 Sutter Street
- Market: San Francisco
- Buyer: SC Builders - Sam Abbey
The sale of the office property at 701 Sutter Street marks an important milestone for SC Builders and Sam Abbey. SC Builders, a prominent player in the real estate industry, has made a strategic move by acquiring this valuable asset in San Francisco. Through this transaction, SC Builders aims to further expand its portfolio and solidify its presence in the market.
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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93