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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.

By Lisa Brown | Updated on December 01, 2017

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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