Tidewater Capital Acquires Northpoint Plaza Mixed-Use Property In San Francisco For $21 Million

The property asset involved in the transaction is a mixed-use complex located at 2550-2552 Taylor Street and 2594-2598 Taylor Street, San Francisco, CA. It was sold for $21,000,000 and features a total square footage of 137,000 with a price per square foot of $153. The asset comprises 95,000 square feet of office and retail space and includes a 42,000-square-foot parking facility, with flexible zoning that may appeal to AI and tech tenants.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $21,000,000
• Buyer: Ross Stackhouse, Nick Bryer & Matt Klimerman - Tidewater Capital
• Seller: HCP Properties Inc.
• Market: San Francisco, CA

Ross Stackhouse, Nick Bryer, and Matt Klimerman from Tidewater Capital acquired the property, known as San Francisco’s Northpoint Plaza, which previously housed Cost Plus World Market’s first store. The acquisition highlights a strategic investment opportunity in a high-demand area near Fisherman’s Wharf and North Beach.