Updated Jan 28, 2025
Grosvenor Signs 10-Year Lease With Yadav Diamonds And Jewelry At 170 Grant Avenue San Francisco
170 Grant Avenue
Building Size
3,425 SF
Asset Type
Retail
Closing
Jan 27, 2025
About this deal
AI
The property asset involved in the transaction is a retail space located at 170 Grant Avenue in San Francisco's Union Square, encompassing an area of 3,425 square feet. The property is leased by Grosvenor, a prominent landlord in the market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 170 Grant Avenue
- Market: San Francisco
- Asset Size: 3,425 SF
- Landlord: Mark Preston & Nathan Lundell - Grosvenor
- Tenant: Yair (Jim) Yachdav - Yadav Diamonds and Jewelry
- Broker: Kelly Glass - Avison Young
- Lease Term: 10-year
This lease marks a notable addition to Grosvenor's portfolio, aligning with their strategy to attract premier tenants in the luxury retail market, following a previous agreement with Bvlgari for a nearby property.
Players
San Francisco Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93