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Sterling Organization Acquires Industrial Property In San Francisco For $19.3M

1270 Bush Street
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This Industrial property located in CA was sold for $19,300,000 about 2 years ago. The brokers of the deal were Nadav Kariv, Seth McKinnon, and Mark Geisreiter

The industrial property located at 1270 Bush Street in San Francisco has been sold in a recent transaction. The sale was facilitated by brokers Mark Geisreiter, Seth McKinnon, and Nadav Kariv from Newmark. The property spans approximately 38,000 square feet and was acquired by Sterling Organization from Paceline Investors. The sale price for the property amounted to $19,300,000, resulting in a price per square foot of $507.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $19,300,000
  • Address: 1270 Bush Street, San Francisco
  • Market: San Francisco
  • Buyer: Sterling Organization
  • Seller: Paceline Investors
  • Brokers: Mark Geisreiter, Seth McKinnon, and Nadav Kariv - Newmark
  • Square Footage: 38,000
  • Price per Square Foot: $507

The deal was finalized on 21st January 2022, marking a successful transaction in the San Francisco industrial market. The involvement of Sterling Organization as the buyer and Paceline Investors as the seller showcases the significance of these companies in the real estate sector.

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Deals
  • Location
    1270 Bush Street, San Francisco, California 94109, United States1270 Bush Street, San Francisco, California 94109, United States
  • Sale Price
    $19,300,000$19,300,000
    $507 PPSF$507 PPSF
  • Area
    38,000 SF38,000 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Seth McKinnon

Seth McKinnon

Deals2
Sold$58.6M

Nadav Kariv

Nadav Kariv

Deals1
Sold$19.3M

Mark Geisreiter

Mark Geisreiter

Deals2
Sold$36.8M

Agency

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

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Deal Summary

SALE IMAGE: Mark Geisreiter, Nadav Kariv & Seth McKinnon DATE: 01/21/2022 ADDRESS: 1270 Bush Street MARKET: San Francisco ASSET TYPE: Industrial BUYER: Sterling Organization SELLER: Paceline Investors BROKERS: Mark Geisreiter, Seth McKinnon & Nadav Kariv - Newmark SALE PRICE: $19,300,000 SF: 38,000 ~ PPSF: $507

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1270 Bush Street

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