SAN FRANCISCO—Colliers International represented The Prado Group in the sale of 2642 Gough Street, 2648 Gough Street, and 2654 Gough Street in San Francisco. A premier Cow Hollow and Pacific Heights location, the properties are walking distance to the trendy Fillmore and Union Street districts with easy access downtown and to the Financial District.
Originally built in 1955, this “Pride of Ownership” sale is comprised of 18 units (three six-unit buildings on contiguous parcels) with 17 off-street parking spaces. The well-maintained and professionally managed condition of the buildings as well as the superior location created significant interest for San Francisco multifamily investors.
The Prado Group received multiple offers for the assets, which resulted in a purchase price of $7,650,000—the highest price paid per square foot paid for a 10+ unit property in San Francisco. Bill Meyer, WM Properties Inc., represented the Buyer and Brad Lagomarsino and James Devincenti of Colliers International represented the Seller.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
