Postal Realty Trust Acquires Retail Property On 501 Broadway In San Francisco For $4.8M

The retail property located at 501 Broadway in San Francisco has been sold in a transaction. The sale took place on 05/19/2022 and involved a total area of 8,000 square feet. The property was sold for a price of $4,825,000, resulting in a price per square foot of $603.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $4,825,000
• Address: 501 Broadway, San Francisco
• Market: San Francisco

The buyer of the property is Postal Realty Trust, represented by Rafi Harel and Jason Sakeni. Postal Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) focused on properties leased to the USPS. Their portfolio consists of 1,500 properties, including both local post offices and large mail processing facilities.

The seller of the property, 501 Broadway, is Jay Benjamin.

For any inquiries or questions related to postal properties, you can reach out to the buyer's representatives:

• Rafi Harel - [email protected] - 646.933.3270
• Jason Sakeni - [email protected] - 646.757.8288