Beckett Capital 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 exclusively represented by David Noravian of Beckett Capital. 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

Close Date: Dec-2016           
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 1bd/1ba