NAI Northern California would like to congratulate Jason Keith on the recent success of a four building apartment portfolio in San Francisco; with the last property due to close in mid February. Although the properties were sold off market, Mr. Keith achieved an aggressive sales price for the portfolio by discreetly shopping the properties, both as a portfolio and individually, to various extremely active San Francisco apartment building buyers.
The three buildings that have closed were a 6-unit property in Cow Hollow, a 6-unit property in Russian Hill and a 15-unit property in Nob Hill, totaling $7,500,000. The average parameters of the three deals were $320,382 per unit; 13.52 GRM; $385 per square foot and a 4.78% cap. rate. For further details, please contact Jason Keith at 415-226-2028 or by email at [email protected].
