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September 25, 2017

Stockdale Capital Closes Second Parking Purchase in San Francisco

SAN FRANCISCO, (September 25th, 2017) –Stockdale Capital Partners has purchased a 241-stall garage at 350 Beach Street in San Francisco’s Fisherman’s Wharf neighborhood.  This is the second parking acquisition completed by the Los Angeles-based investment firm for its institutional joint venture formed late last year with Grosvenor Group and San Diego’s Ace Parking Management.  In February, Stockdale closed on the purchase of another San Francisco parking property:  the 364-stall SOMA Grand Garage at 1160 Mission Street.

“Parking throughout San Francisco continues to be in high demand from users and this property is no exception,” said Daniel Michaels, Managing Director at Stockdale Capital Partners. “Using our asset management and operational expertise we feel we can add future value to this asset for the benefit of our investment partnership and the neighborhood,” he added.

Stockdale Capital Partners seeks value-add, income-producing parking garages in infill, high-traffic submarkets across the Southwest, as well as surface lots where parking operations can be executed.