Washington Property Co. reports the four lease deals total 14,036 square feet and leases totaling another 7,407 square feet are currently the subject of negotiations.

The fully-leased property, which also includes a marina and a two-story office building, was sold by Hudson Capital Group, Inc. Mast Capital financed the purchase with a loan from CIT bank, N.A.

As the Bay Area braces for the impending IPO onslaught, San Francisco multifamily rent continues to skyrocket, with one bedrooms reaching an all-time high of $3,690, the most expensive in the world by a hefty margin.

Villas on 26th's location is less than half of a mile from the University of Texas at Austin campus, at the epicenter of the West Campus student housing market, which made it attractive to a recent buyer.