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Investor Buys 71 Stevenson St. for $105M

Deal for 23-Story Office Bldg. Closes in Less Than 40 Days
By Mike Abdulkhaliq
September 7, 2006 | 3:44 P.M.

In one of the quickest deals in recent San Francisco history, 71 Stevenson St. has sold for $105 million, or approximately $325 per square foot, with a 6.5% cap rate. Forward One LLC, having sold a larger asset in Hawaii, bought the property from ECI Stevenson LLC in a 1031 exchange.

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