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Bell Partners Acquires Multifamily Property In South San Francisco For $206M

400 Cypress Avenue
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This MultiFamily property located in CA was sold for $206,000,000 almost 2 years ago. The broker of the deal was Brett Betzler

The multifamily property located at 400 Cypress Ave in South San Francisco has been sold for a total of $206,000,000. The transaction took place on 05/13/2022 and involved a total of 260 units. The price per unit equated to $793,000, indicating a significant investment in this asset.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $206,000,000
  • Date: 05/13/2022
  • Address: 400 Cypress Ave
  • Market: South San Francisco
  • Buyer: Bell Partners - Lili F. Dunn
  • Seller: Sares Regis Group - Drew Hudacek & AFL-CIO Building Trust Investment
  • Broker: Brett Betzler - Berkadia Institutional Solutions
  • Units: 260
  • Price Per Unit (PPU): $793,000

Bell Partners, represented by Lili F. Dunn, acquired the property from Sares Regis Group. The seller was represented by Drew Hudacek & AFL-CIO Building Trust Investment. The brokerage services were provided by Brett Betzler from Berkadia Institutional Solutions. This transaction marks a significant investment in the thriving multifamily market in South San Francisco.

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Deals
  • Location
    400 Cypress Avenue, South San Francisco, California 94080, United States400 Cypress Avenue, South San Francisco, California 94080, United States
  • Sale Price
    $206,000,000$206,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Brett Betzler

Brett Betzler

Deals2
Sold$280.3M

Agency

Berkadia

Berkadia

Agency
Deals1097
Volume$45.7B

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Deal Summary

SALE IMAGE: Lili F. Dunn & Drew Hudacek DATE: 05/13/2022 ADDRESS: 400 Cypress Ave. MARKET: South San Francisco ASSET TYPE: Multifamily BUYER: Bell Partners (@BellPartnersInc) - Lili F. Dunn SELLER: Sares Regis Group (@SaresRegisGroup) - Drew Hudacek & AFL-CIO Building Trust Investment BROKER: Brett Betzler - Berkadia Institutional Solutions (@Berkadia) SALE PRICE: $206,000,000 UNITS: 260 ~ PPU: $793,000

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400 Cypress Avenue

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