SAN FRANCISCO, Feb. 21, 2018 /PRNewswire/ -- Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, is pleased to announce the sale closing of 1601 Mission Street.
After four years, Starboard agents Hans Hansson and Craig Hansson facilitated and finalized the deal between the building owner, S&P Investments LLC and the buyer (undisclosed). Once the buyer was able to secure the necessary entitlements for the site, the deal was closed at $28.5 million.
The buyer plans to develop the site into 220 residential units with approximately 7,000 sq. ft. of retail space. The property was previously home to Tower Car Wash and a Chevron gas station. Located on a triangular plot at the corner of Mission Street and South Van Ness Avenue, the design carves out a mid-block passage in the center of the site, connecting the two major roads with a retail-lined corridor.
"We were excited to be involved in putting this deal together with the right buyer and seller and help facilitate more housing opportunity that our city desperately needs," said Hans Hansson, President, Principal and Founding Partner of Starboard Commercial Real Estate.
For more information on Starboard Commercial Real Estate and to review current property listings, please visit www.starboardnet.com.
About Starboard Commercial Real Estate
Starboard Commercial Real Estate is the largest independently owned commercial real estate company in San Francisco, California. Starboard was established in 1991 with a unique vision of what a commercial real estate firm should be. With a combined total of 55 years representing landlords and tenants, members of the firm are devoted to serving clients with the highest ethics and professionalism. By implementing the latest technology, Starboard combines innovative market techniques with hard work, pursuing every opportunity to meet its clients' commercial property goals. Our brokers are highly qualified professionals supported by skilled support staff and a full-service in-house graphic and website design team. Our brokers have access to critical information on existing tenants in San Francisco and more than 1,814 office buildings and over 103 million square feet of office space throughout San Francisco.
In 2000, Starboard became the San Francisco member of TCN Worldwide Real Estate Services, a national affiliation of independent real estate firms located in more than 200 markets with 62 offices in 8 countries, including North and South America, Europe, and Asia. Using national and international real estate expertise, Starboard provides clients with local know-how on a global scale. Hans Hansson, managing principal, previously served on TCN Worldwide's Board of Directors and served as regional vice president for two years. For more information, visit www.starboardnet.com.
PR for Starboard TCN Worldwide
View original content with multimedia:http://www.prnewswire.com/news-releases/after-four-years-starboard-commercial-real-estate-closes-deal-on-1601-mission-street-for-285m-300602262.html
SOURCE Starboard Commercial Real Estate