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166 Grant Avenue, San Franc...

Prado Group Acquires Retail Property In Union Square, San Francisco For $26M
SOLDRetail

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

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.

Players

Dan Safier

Prado Group

Buyer

$200M

vol

4 deals

Buyer

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