SF Amazon Building Lands $15M Refi
ByThe S.Hekemian Group secured a $15 million refinancing for a 40,000-square-foot industrial building fully leased to Amazon in San Francisco’s Dogpatch neighborhood. Principal Commercial Capital, Principal Real Estate Investors’ CMBS platform, is the primary servicer of the 10-year, fixed-rate loan, which will refinance the existing mortgage on the property. HFF represented the borrower.
Located at 888 Tennessee St., one block west of Third Street and just off Interstate 280, the asset is close to several restaurants, breweries and other retail destinations. The building is part of a larger project with an estimated market value of $50 million. Designed by David Baker Architects, the project is in the approval phase for 110 units, 5,472 square feet of retail and 83 off-street parking spaces. The front door will be located at 789 Minnesota St…
