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170 Grant Avenue

Updated Jan 28, 2025

Grosvenor Signs 10-Year Lease With Yadav Diamonds And Jewelry At 170 Grant Avenue San Francisco
LEASEDRetail

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

Kelly Glass

Avison Young

Broker

1 deal

Broker

San Francisco Retail Market Snapshot

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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

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