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27-Unit Apartment Complex Trades for $14M

SAN FRANCISCO-The mixed-use residential property consists of the 27 units, 10,900 sf of ground floor retail and a 16,500-sf parking garage. The combined property was sold for an average $314,815 per door or upward of $245 per sf.

By Brian K. Miller | Updated on November 24, 2003

SAN FRANCISCO-A new 27-unit luxury apartment in the Marina District here has traded hands for $13.9 million, according to one of the advisors in the deal. Magnolia Ventures LLC sold the Magnolia Place Apartments at 3322 Buchanan St. to the aptly named 3322 Buchanan Street LLC.

The mixed-use residential property consists of the 27 units, 10,900 sf of ground floor retail and a 16,500-sf parking garage. The combined property was sold for an average $314,815 per door or upward of $245 per sf.

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