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As Capital Flows, Garage Pricing Increases

Garages as an investment class are rapidly becoming more institutionalized and better operated thanks to technology, thus, more revenue can be generated and less expenses are incurred.

350 Beach Street 350 Beach Street Garage was just sold to Stockdale Capital Partners for an undisclosed price.

SAN FRANCISCO—350 Beach Street Garage was put on the market by its private owner earlier this year for the first time in 35 years. And, the urban structured parking garage in Fisherman’s Wharf was just sold to Stockdale Capital Partners for an undisclosed price.

The garage comprises six levels and accommodates 241 stalls with additional ground-floor retail occupied by Enterprise Rent-A-Car and El Farolito Taqueria. The property’s Fisherman’s Wharf location makes it a unique potential long-term redevelopment opportunity.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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