940 Jackson Street Sold for $2,810,000

7 Unit Nob Hill Investment Property

Two Units Delivered Vacant at Close of Escrow.  

San Francisco, Calif., Feb. -- 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, is pleased to announce the sale of 940 Jackson Street, a 7-unit multifamily property in San Francisco, California. The complex sold for just over $2.8 million, which equates to just shy of $750 per square foot.

This 1910 wood frame and stucco building between Mason & Powell contains a mix of 6 1Br/1Ba units and 1 3Br/2Ba unit. The property has been well maintained, with a flat torch on mineral coating roof in good condition.  There are incredible views of the Coit Tower, the TransAmerica Pyramid and Salesforce Tower from the top floor units and the roof.

Despite the difficulties of Covid-19 and other market factors Marcus & Millichap was able to procure a buyer and close the transaction. This transaction was part of a 1031 Exchange for both buyer and seller.

The property benefits from its proximity to the Financial District, Chinatown, the Embarcadero and Union Square are also nearby. It’s a true walker’s neighborhood where many of the residents don’t need a car or can easily use the abundant forms of public transportation. Some great restaurants also within walking distance are AltoVino, The Nob Hill Cafe?, Osso Steakhouse, & The Big Four. 

For additional information about this transaction or to l earn more about our team & services, please contact:

Gino Franco | (415) 625-2167 | [email protected]

About Marcus & Millichap (NYSE: MMI)

With over 1,800 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed nearly 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com