Size: 68,120 sq. ft.
Use: Multifamily
Neighborhood: Nob Hill, SF
Strategy
Secured one of the high-quality San Francisco assets off-market through a combination of a direct relationship with the seller and prior experience with the seller’s broker.
The 72-unit rent-control property boasts coveted views of the Bay Bridge, Golden Gate Bridge, Grace Cathedral, Mount Diablo, and Huntington Park and as well as subterranean parking.
The property is an irreplaceable institutional quality asset given a 14-story high-rise view property is not possible to build today at the top of Nob Hill.
The property was acquired through a joint venture between Prado Group and Felson Companies.