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Island Pacific Market Signs Long-Term Lease For 33,900 SF Retail Space In San Francisco

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LEASED

California

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Retail33,900 SF
Leased 08/30/2023
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Property Image
LEASED

Island Pacific Market Signs Long-Term Lease For 33,900 SF Retail Space In San Francisco

2900 Alemany Boulevard San Francisco, California 94112, USA

See Similar Deals
Retail33,900 SF
Leased 08/30/2023
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:33,900 SF
Transaction Type:Lease

The property involved in this lease transaction is a retail space located at 2900 Alemany Boulevard in the San Francisco market. The asset has a total square footage of 33,900 and is situated in a bustling area.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 08/30/2023
  • Address: 2900 Alemany Boulevard
  • Market: San Francisco

The tenant, Island Pacific Market represented by Nino Jefferson Lim, has secured a long-term lease for this retail space. Island Pacific Market will be opening its first grocery store in San Francisco's Outer Mission neighborhood. The store will offer a range of Filipino foods, local produce, and even include a restaurant. With this addition, Island Pacific Market now has five locations in the Bay Area and a total of 19 stores spread across California and Nevada.

Details

LEASED
IMAGE: Nino Jefferson Lim DATE: 08/30/2023 ADDRESS: 2900 Alemany Boulevard MARKET: San Francisco ASSET TYPE: Retail ~ SF: 33,900 TENANT: Island Pacific Market - Nino Jefferson Lim LEASE TERMS: long-term NOTE: Island Pacific Market is opening its first San Francisco grocery store in the Outer Mission, with plans for a 33,900-square-foot space offering Filipino foods, local produce, and a restaurant. This marks the chain's fifth Bay Area location among its 19 stores across California and Nevada.

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Total Lease Value

$19,431,275.43

Net Landlord Cash Flow$1,943,127.54