Beckett Capital Advises on $7.8MM Sale of San Francisco Mixed-Use Asset

Beckett Capital, San Francisco, Bay Area

San Francisco – December 8, 2016 – Beckett Capital announces today that it has advised a local San Francisco seller on the sale of 5430-5498 Geary Boulevard, a 13,160 square foot multi-tenant retail and residential building located in San Francisco’s Richmond District. The seller was represented by David Noravian of Beckett Capital. The buyer was a local investment group who was represented by Ning Ho of Marcus & Millichap.

The property is a mixed-use building consisting of eight residential units over seven retail units. The anchor tenants are Sterling Bank and Gordo Taqueria. The retail portion was 100% leased at the time of sale.

The purchase price was $7,825,000 or $595 per square foot. This equated to a stabilized 4.82% cap rate.

Transaction Summary

  • Price: $7,825,000
  • Year Built: 1916
  • Square Footage: 13,160 SF
  • $ PSF: $595 PSF
  • Cap Rate (Stabilized): 4.82%
  • Number of Units: 8 residential & 7 retail
  • Unit Mix:
    • Four 2bd/1ba
      Four 2bd/1ba

About Beckett Capital Inc.
Beckett Capital Inc, Beckett Capital is a commercial real estate services firm specializing in urban redevelopment and repositioning opportunities in the San Francisco Bay Area. It concentrates on disposition and acquisition strategies for clients that focus on ground up residential, mixed-use and office product. www.beckettcapital.com

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