Photo Courtesy of Coldwell Banker Commercial Realty: Download Photo

 SAN FRANCISCO (August 1, 2022) – Coldwell Banker Commercial is pleased to have represented the seller in the sale of the Yully Building, an office building located at 1212 Market St. in San Francisco. The property sold for $7.66 million.

Kevin Caravelli and Steven Caravelli, CCIM, commercial real estate professionals affiliated with Coldwell Banker Commercial Realty, represented the seller in the transaction.

The four-story property measures 23,000 square feet and is situated on 0.11 acres of land. The property is located within San Francisco’s Mid-Market District and two blocks from the Civic Center.

“This was a court-appointed partition sale, with Coldwell Banker Commercial Realty representing the court-appointed referee. The property was on the market for 30 days and we received several offers. The property was delivered vacant and was a value-add opportunity for the buyer. The new owner intends to modernize the property before leasing,” said Steven Caravelli.

For more information, contact Steven Caravelli at, 415.706.0008, CalDRE #00879834.

About Coldwell Banker Commercial Realty

Coldwell Banker Commercial Realty, the local affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit  

# # #

A Trusted Guide in Commercial Real Estate

Coldwell Banker Commercial® provides Commercial Real Estate Services from Property Sales and Leases, to Property Management. Learn how our expansive network of Independently Owned and Operated Affiliates and Real Estate Professionals use their in-depth knowledge of the local market and industry trends to help businesses and investors navigate the complexities of the commercial real estate landscape.