facebook
Traded Co logo
Submit
Daily limit: 0/10

Ashley Magargee Of Genentech Purchases School In South San Francisco For $36.5M

Property Image
SOLD
$36,500,000

California

See Similar Deals
School32,000 SF
Sold 04/29/2024
the dealdetailscomps
Property Image
SOLD

Ashley Magargee Of Genentech Purchases School In South San Francisco For $36.5M

525 DNA Way

See Similar Deals
School32,000 SF
Sold 04/29/2024
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:School
Price Per Square Foot:$1,140
Total Square Footage:32,000 SF
Transaction Type:Sale

The school located at 525 DNA Way in South San Francisco has been sold for $36,500,000. The property spans 3 acres and encompasses 32,000 square feet, resulting in a price per square foot of $1,141.

Summary of transaction details:

  • Property Type: School
  • Transaction Amount: $36,500,000
  • Address: 525 DNA Way
  • Market: South San Francisco
  • Acres: 3
  • Square Footage: 32,000
  • Price per Square Foot: $1,141

Ashley Magargee from Genentech has acquired the school property from Coscinelle LLC. This purchase adds to Genentech's existing campus in South San Francisco, expanding their footprint near their headquarters.

Details

SOLD
IMAGE: 04/29/2024 ADDRESS: 525 DNA Way MARKET: South San Francisco ASSET TYPE: School ~ ACRES: 3 BUYER: Ashley Magargee - Genentech SELLER: Coscinelle LLC SALE PRICE: $36,500,000 SF: 32,000 ~ PPSF: $1,141 NOTE: Genentech, based in South San Francisco, has purchased the San Francisco Baking Institute's location near its headquarters for $36.5 million, adding to its campus despite recent layoffs announced at its main site. The acquired property, at 525 DNA Way, expands Genentech's presence adjacent to its existing campus, which spans over 40 buildings for scientific research and manufacturing.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,946,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$129,676.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$173,028.62
Annual Debt Service$2,076,343.46