San Francisco, CA (PRWEB) April 17, 2014
Urban Group Real Estate, one of the fastest growing commercial brokerage firms in San Francisco, announced the sale of 3140 16th Street, in the heart of the Mission District. Louis Cornejo, President of Urban Group, represented the Seller of this 20,400 square foot property. Cornejo stated, “The Mission District is a vibrant neighborhood in high demand and 3140 16th is in the midst of all the excitement.”
The property received multiple offers, selling at $8.7 Million. This transaction constitutes one of San Francisco neighborhood districts’ largest commercial sales in the last year.
The Buyer, a private investor, plans to repurpose the building from its current use as an auto body shop.
About Urban Group Real Estate
Urban Group Real Estate is San Francisco’s leading commercial real estate company focused on emerging urban markets. The company specializes in retail leasing and investment property sales.
For information on Urban Group Real Estate, contact Louis Cornejo, 415-863-1775 louis(at)urbangroupsf(dot)com or visit http://www.urbangroupsf.com.