Jul
26
Pioneer Building in San Francisco Changes Hands
ByAmerican Realty Advisors acquired the 37,000-square-foot office building from Bridgeton Holdings. At the time of sale, the asset was fully leased to Musk Industries.
After landing a loan for the renovation and conversion of a century-old Manhattan hotel, Bridgeton Holdings sold the Pioneer Building in San Francisco, a 37,104-square-foot office asset, to American Realty Advisor. The property changed hands for $34 million, in an off-market transaction. At the time of sale, the asset was fully leased to Musk Industries, a venture backed by Elon Musk.
Located at 3180 18th St., the three-story building offers quick access to public transportation, dining and shopping options, including Gallardo’s and Evergreen Garden Restaurant. The Pioneer Building is also less than a mile from the Bayshore Freeway and Dwight D. Eisenhower Highway…
