facebook

traded

+ Submit
Home

/

Deals

/

California

/

Retail

/

Lease

/

200 Grant Avenue

Bulgari Leases 9,000 SF Retail Space At 200 Grant Ave, San Francisco
LEASEDRetail

Bulgari Leases 9,000 SF Retail Space At 200 Grant Ave, San Francisco

200 Grant Avenue

Building Size

9,000 SF

Asset Type

Retail

Closing

Apr 3, 2024

AI

The retail property located at 200 Grant Avenue in San Francisco, spanning 9,000 square feet, was involved in a lease transaction between the landlord Nathan Lundell of Grosvenor and the tenant Vincenzo Pujia of Bulgari. The move signifies a strategic shift for Bulgari within San Francisco's luxury retail landscape.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Address: 200 Grant Avenue
  • Market: San Francisco
  • Landlord: Nathan Lundell - Grosvenor
  • Tenant: Vincenzo Pujia - Bulgari
  • Brokers: Alex Sagues, Laura Barr & Madeline Mandanis - CBRE

Bulgari's relocation to Grosvenor's 200 Grant Avenue follows negotiations lasting over a year, securing over 9,000 square feet across two floors. The transition from Bulgari's long-time space at One Union Square to the new location marks a significant strategic move for the luxury jeweler in the San Francisco luxury retail market.

Players

Laura Barr

CBRE

Broker

2 deals

Broker

San Francisco Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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