Zapolski + Rudd, a Napa, Calif.-based private investment group, purchased a 57,772-square-foot historic office property in San Francisco, Calif.
The transaction was valued at $18.75 million.
The four-building property, which was built in 1853 and also contains a 4,219-square-foot surface parking lot, is located at 405-445 Jackson St. Two of the buildings housed the original Ghiradelli chocolate factory. The property, which was sold by San Francisco-based Jackson Street Properties LLC, was 100 percent leased at the time of sale.
Richard Johnson, Daniel Cressman, Edward Suharski and Edmund Najera of Grubb & Ellis’ San Francisco office represented the seller in the transaction. The buyer represented itself.
Grubb & Ellis is a global provider of integrated real estate services.
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