SAN FRANCISCO—Virtu Investments has sold Station House, a 25-unit apartment complex at 6 Mint Plaza, for $21.5 million. Both the seller, and buyer, Veritas Investments, reside in San Francisco.
Jordan Moss, Michael Thomas and Toby Costello of CBRE Capital Markets' San Francisco multifamily team represented both parties in the transaction.
“We received strong interest with five offers, but Veritas was willing to stretch to put forth a highly creative and competitive bid,” said Thomas, vice president, multifamily, CBRE. “With their economies of scale, and the apartments mapped as condominiums, they have good operating efficiencies and a unique exit strategy.”
Station House is among San Francisco's finest luxury apartment communities. Located in the thriving South of Market district, this exclusive property is across the street from the Westfield Shopping Centre, around the corner from the soon-to-be-developed 5M Project, and amongst numerous restaurants and retailers. Featuring historic architecture with modern conveniences, the apartments are equipped with such amenities as an on-site concierge, turnkey management services and roof deck access.
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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.
