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
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