Ela Madej And Seth Bannon Acquire Office Condo In San Francisco For $8 Million From Patrick Harty

The property involved in this transaction is a 4,600-square-foot office asset located at 192 Museum Way in San Francisco, CA. The sale price for the property was $8,000,000, resulting in a price per square foot of $1,739. The transaction indicates a robust market activity in the area as it surpasses the median price per square foot of $1,212 reported in July for the neighborhood.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $8,000,000
• Buyer: Ela Madej & Seth Bannon - Fifty Years
• Seller: Patrick Harty
• Broker: Jenny Wang - Compass
• Lender: Western Alliance Bank
• Square Feet: 4,600
• Price Per Square Foot: $1,739

Ela Madej and Seth Bannon, representing the firm Fifty Years, have acquired the property after leasing it for seven years. The financing for the purchase consisted of a loan amounting to $6 million from Western Alliance Bank, which facilitated the transaction further reflecting current market trends in the condo sector of San Francisco.