COLDWELL BANKER COMMERCIAL REALTY FACILITATES $33.1M SALE OF MULTIFAMILY PROPERTY IN SAN FRANCISCO’S RUSSIAN HILL DISTRICT
SAN FRANCISCO (Oct. 19, 2022) – Coldwell Banker Commercial Realty is pleased to have facilitated the sale of 2222-2254 Polk St., a 42-unit multifamily property with five ground-floor retail spaces situated on a 17,500 square-foot lot in San Francisco. The sale price was $33,100,000.
Dan McGue of Coldwell Banker Commercial Realty represented both the buyer and the seller in this transaction. According to McGue, the buyer is a local investor and plans to lease out the property.
“This is an incredibly beautiful trophy corner property, ideally located in the very desirable Russian Hill neighborhood of San Francisco at the corner of Polk and Green Streets,” said McGue. “It is a true pride-of-ownership property, and I was ecstatic to facilitate its transfer to a new owner who is qualified to maintain its prestige status on Polk Street.”
The property consists of two buildings, including five commercial spaces, 38 one-bedroom apartments, four studio apartments, and an eight-car garage. The buildings have been meticulously maintained and extensively upgraded by the sellers during their six decades of ownership.
The Russian Hill District is well-known for its high-end homes, condominiums and apartment buildings. This property is in close proximity to many restaurants, bars and shops on upper Polk Street, Union Street, Chestnut Street and Van Ness Avenue. It is also near popular sites such as Fort Mason, Aquatic Park, Lafayette Park, Ghirardelli Square, North Beach, and the Marina. It is within walking distance or a short Uber ride to the Financial District and Downtown San Francisco. Public transportation via MUNI and BART to all parts of the city, as well as the Peninsula and Marin County, is very accessible. The Golden Gate Bridge, San Francisco Bay Bridge and freeways are within a short driving distance, giving easy access to all parts of the Bay Area.
About Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial Realty, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the acquisition, disposition, and leasing 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.
Kevin Guhl, email@example.com