11 MULTIFAMILY BUILDINGS IN SAN FRANCISCO SELL FOR $31 MILLION

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San Francisco (March 29, 2022) – Coldwell Banker Commercial represented both the buyer and the seller in the sale of a portfolio of 11 multifamily buildings in San Francisco. The transaction was valued at $31 million.

The seller was a revocable trust. The buyers, local real estate investors Phillip Boersma and Ken Meislin, purchased the properties to add to their portfolio of holdings. Boersma and Meislin are principles of MBSF Holdings LLC.

The buildings, comprised of 71 apartment units totaling 86,200 square feet, are located within the Castro, Duboce Triangle, Glen Park, Mission District and Noe Valley neighborhoods of San Francisco.

Dan McGue, Coldwell Banker Commercial Realty’s No. 1 producer worldwide, represented both the buyer and seller in the transaction. Rick Woodbury, an affiliated sales associate with Coldwell Banker Realty in Huntington Beach, Calif. was also the co-lister of the properties.

“We are honored to complete this multi-property portfolio transaction for both clients, which was in contract and closed within 25 days to accommodate the seller’s specific needs and proved highly beneficial for the buyer. Multifamily properties in the San Francisco Bay area continue to attract interest from investors that identify them as stable assets with a significant return on investment,” said McGue.

“The seller was very pleased with the speed to closing and the handling of the myriad of details of such a complicated transaction,” said Woodbury.

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 www.cbcworldwide.com.

About Coldwell Banker Realty

Coldwell Banker Realty is one of the largest residential real estate brokerages in Northern California and serves the markets from Monterey to Tahoe. The company has approximately 56 offices and approximately 4,000 affiliated agents. Real estate agents affiliated with the company are independent contractor agents and are not employees of the company. Coldwell Banker Realty is owned by a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States. For more information, visit ColdwellBankerHomes.com. CalBRE #01908304. 

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