Potrero Center for Sale!

Posted On: Sunday, November 20, 2011 - 10:14am | Posted By: Susan Olk
Topics: Press Release | Tags: real estate development | Neighborhood: Potrero Hill, San Francisco: Profile and Properties for Sale,

The partnership that owns the Potrero Center at Bryant and 16th Street is looking to sell the property as a potential redevelopment project that could accommodate up to 1,800 apartments.  The Emerald Fund, which owns the 227,000 square foot strip shopping center with a group of partners, has listed the property with Eastdil Secured.  The property, which is 98 per cent leased, could fetch up to $125 million, which would translate to a 5 percent capitalization rate, according to the industry publication Real Estate Alert.

Susan Olk

As an agent at Zephyr for the past 27 years, Susan is an accomplished neighborhood REALTOR®.
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