MULTIFAMILY BUILDING SELLS FOR $9.88 MILLION IN SAN FRANCISCO

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San Francisco (December 7, 2021) – Coldwell Banker Commercial represented both the buyer and the seller in the sale of a 25-unit multifamily building located at 1015 Pierce St. in the Alamo Square neighborhood of San Francisco. The transaction was valued at $9.88 million.

The acquiring entity, a local real estate investor, purchased the apartment complex to add to their portfolio of holdings.

The three-story complex was built in 1915 and completely renovated in 2016. The property is comprised mainly of studio and one-bedroom units.

Dan McGue, a commercial real estate professional with Coldwell Banker Commercial Realty, represented both the buyer and seller in the transaction.

“I am pleased to complete this transaction with both the buyer and seller. The buyer was able to add a high-quality asset to their portfolio, which allowed the seller to achieve their goal of trading into smaller properties, which we also procured,” said McGue.

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

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