Updated Oct 29, 2024
Island Pacific Market Signs Long-Term Lease For 33,900 SF Retail Space In San Francisco
2900 Alemany Boulevard San Francisco, California 94112, USA
Building Size
33,900 SF
Asset Type
Retail
Closing
Aug 30, 2023
About this deal
AI
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.
Players
Bonita Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93