REBusinessOnline

Marcus & Millichap Brokers $19M Sale of USA Hostels Property in Downtown San Francisco

711-Post-St-San-Francisco-CA

Located at 711 Post St. in San Francisco, the five-story hostel features 123 rooms, a common area, dining area, self-service kitchen and yoga studio.

SAN FRANCISCO — Marcus & Millichap has arranged the sale of an USA Hostels hospitality property located at 711 Post St. in downtown San Francisco. A private investor acquired the asset for $19 million.

Built in 1907, the five-story building features 123 rooms including 48 units with private bathrooms, a large common area, dining area, self-service commercial kitchen and yoga studio.

Jag Patel of Marcus & Millichap’s Oakland office represented the seller and procured the buyer in the deal.

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