Wheelhouse represents local buyer, The Prado Group, in their acquisition of a prime nine-building portfolio. The properties consist of 156 units in total, and are located in exquisite neighborhoods of San Francisco and Burlingame. The brokers involved were Toby Costello and Michael Thomas of Wheelhouse. The properties were sold by Tribeca Companies through an owned affiliate partnership entity Sky Pacific Holdings II, LLC. The buildings were initially acquired by them through foreclosure from the Lembi family in late 2009.
Portfolio Details:2380 California St - 24 Units2011 Sacramento St - 6 Units621 Taylor St - 36 Units1671 Lombard St - 12 Units2642 Gough St - 6 Units2648 Gough St - 6 Units2654 Gough St - 6 Units1845 Franklin St - 30 Units255 El Camino Real, Burlingame - 30 Units
Earlier in 2010 Wheelhouse listed and sold the other three post-Lembi buildings for the Seller to separate and individual buyers. Those buildings were:
522 Hyde St - 15 units121 Broderick St - 14 units937 Dolores - 7 units
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