Kairos Investment Managemenet Co. provides $7.25 million senior bridge loan for a four-story, mixed-use building in the Bay Area of San Francisco, CA

 

Carl Chang

San Francisco, CA – Kairos Investment Management Company (KIMC), a firm that focuses on value-based real estate investments with favorable risk/reward characteristics, announced the closing of a $7.25 million senior bridge loan on a 14,825 square foot mixed-use property at 209 9^th Street in the South of Market area of San Francisco, California.

“Kairos Investment Management is known for its ability to identify early growth opportunities or opportunistic market dislocations, such as the Bay Area,” says Carl Chang, CEO and Founder of KIMC. 

14,825 square foot mixed-use property
 at 209 9^th Street in the South of Market
area of San Francisco, CA

“Pre-pandemic, San Francisco was a vibrant top tier city where individuals and companies wanted to be located. The city was a central tech hub, filled with diverse businesses and a melting pot of cultures that positively contributed to the overall landscape. In completing this bridge loan, we believe that San Francisco is the place many will eventually return to over the next several  years.”

Before the pandemic, the Port of San Francisco attracted 280,000 cruise visitors annually, contributing $27 million to the City’s economy and helping to support local businesses. The return of cruise ships to the Port of San Francisco, a 15-minute car ride away from 209 9^th Street, is another positive recovery sign in the market, notes Chang.

The four-story commercial and residential property retained a favorable occupancy rate throughout the pandemic, despite the effects of COVID-19 on the San Francisco market. The building is conveniently located near Market Street and the city’s public transportation hub, ensuring high amounts of foot traffic daily.

 Jon Needell

Additionally, the property is adjacent to the Mid-Market neighborhood, which headquarters several Fortune 500 companies such as Uber, Twitter, and Square. Mid-Market has numerous planned and recently completed residential developments, from which tenants of 209 9^th Street are positioned to benefit, according to Jon Needell, President and Chief Investment Officer of KIMC.

“The building is located in an exceptional area given its close proximity to Mid-Market and the public transportation system used daily,” says Needell. “Residents will be able to take advantage of job growth from large employers such as Uber, Costco Wholesale, and Target.

"In addition, they will be able to enjoy the property’s close proximity to nearby entertainment and recreational offerings such as museums, shopping centers, and dining options.”

CONTACTS:

Arleeny Escarcega / Lexi Astfalk

Brower Group

(949) 438-6262
aescarcega@brower-group.com

 www.kimc.com.