Updated Oct 28, 2024
Prado Group Acquires Retail Property In Union Square, San Francisco For $26M
166 Grant Avenue, San Francisco, California 94108, United States
$26,000,000
$2,321/SF
Building Size
11,200 SF
Asset Type
Retail
Closing
Sep 18, 2022
About this deal
AI
The retail property located at 166 Grant Ave in Union Square, San Francisco has been sold for a total price of $26,000,000. The transaction took place on September 19, 2022. The property spans an area of 11,200 square feet, resulting in a price per square foot of $2,321. The buyer of the property is Prado Group, represented by Dan Safier, while the seller is 166 Grant LLC.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $26,000,000
- Market: Union Square, San Francisco
- Buyer: Prado Group - Dan Safier
- Seller: 166 Grant LLC
- Address: 166 Grant Ave
- Square Footage: 11,200
- Price per Square Foot: $2,321
Dan Safier, representing Prado Group, facilitated the purchase of the retail property located at 166 Grant Ave in Union Square. This closed transaction highlights the successful involvement of both buyers and sellers in the real estate market.
On the Map
$26,000,000
$2,321/SF
Retail
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Players
San Francisco Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93