Hines Achieves Low 3 Cap Rate on 101 Second Street Sale in San Francisco

By Jon Peterson The sale of the 388,370 square foot 101 Second Street office building in San Francisco produced a cap rate of around three percent, according to sources familiar with the transaction. That puts the sale price at roughly $297 million. Houston-based Hines sold the property to Dallas-based Invesco Real Estate. Both of these […]