Ian Jacobs Acquires Mixed-use Building At 180 Post Street In San Francisco For $48.5M

The property asset involved in the transaction is a mixed-use building located at 180 Post Street in the San Francisco, CA market. The building spans 39,000 square feet and was sold for $48.5 million, resulting in a price per square foot of $1,244.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $48,500,000
• Address: 180 Post Street
• Market: San Francisco, CA
• Square Feet: 39,000
• Price per Square Foot: $1,244
• Buyer: Ian Jacobs
• Seller: Steve O'Connell - Grosvenor Americas

San Francisco investor Ian Jacobs has expanded his downtown acquisitions with this purchase, illustrating the continued interest in Union Square. The transaction reflects a market that, while facing challenges, has seen improvements in vacancy rates, particularly in luxury retail, despite the uneven recovery highlighted by the collapse of the San Francisco Centre redevelopment deal.