|
5/30/19
|
Northwestern Mutual has purchased Jasper, a 319-unit, luxury high-rise apartment building in San Francisco, in a deal pros estimate came in around $306 mil ($959k/unit). The asset was acquired from Crescent Heights, free and clear of any existing debt.
Jasper is located at 45 Lansing St, adjacent to I-80 and the entrance to the San Francisco-Oakland Bay Bridge. The property is also within walking distance to the Embarcadero BART Station and the Financial District less than a mile to the north.
Completed in 2016, the 40-story property comprises a mix of studio, one-, two- and three-bedroom floor plans totaling 303.8k sf. Residence amenities include stainless steel Bosch cooking suites with built-in dishwashers, Caesarstone countertops, full-size washers and dryers, dual-zone air conditioning and heating, roller shades, patios and terraces and keyless home entry.
Community amenities include a resort-style pool, club lounge with interactive video wall, on-site movie theater, dog walking service, fiber optic Wi-Fi, 24/7 concierge service and valet parking. The LEED Silver-certified property is 96% occupied.
Matthew Lawton, Scott Bales and Peter Yorck with HFF represented the seller in the transaction.
|
|
Return to the Archive page
|
|
|
|
|