Starboard Commercial Real Estate

Alex Popov | November 1, 2005



ALAMO SQUARE IN JELL-O! (Check out Liz Hickok's fantastic photos of San Francisco in Jell-O)

Alamo Square Apts. Sold for $22M

"Union Property Capital Acquired 63-Unit Multifamily at 988 Fulton

Union Property Capital Inc. purchased the Alamo Square Apartments at 988 Fulton St. in San Francisco for $22 million, or about $349,206 per unit, with a 3.19% cap rate. The buyer plans to convert the property into condos.

Built in 1999, the 63-unit, four-story apartment building totals 49,184 square feet on 0.94 acres. The unit mix includes 12 studios, 30 one-bedroom/one-bath, four two-bedroom/one-bath, 12 two-bedroom/two-bath and four three-bedroom/two-bath units with an additional unit used as an office."


This is an amazing per unit price pre conversion considering the neighborhood.

Posted by: Alex Popov Commercial Sales and Leasing Specialist
Office: (415) 477-8474
Cell: (415) 269-1849
http://www.findcommercialspace.com
Posted 14 years, 2 months ago on November 1, 2005
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