Suitsupply Acquires Retail Space At 166 Geary Street In San Francisco For $19.6M

The retail asset involved in this transaction is located at 166 Geary Street in San Francisco, within the Union Square market. The property consists of the first two floors of the Grace Building, encompassing a total square footage of 13,000. The sale price for this asset was $19,600,000, which translates to a price per square foot of $1,508.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $19,600,000
• Address: 166 Geary Street
• Market: San Francisco
• Square Footage: 13,000
• Price Per Square Foot: $1,508
• Buyer: Fokke de Jong - Suitsupply

Fokke de Jong represented Suitsupply in this transaction. The acquisition was made at a foreclosure auction, suggesting a strategic investment in the potential retail revival of the area amidst broader market challenges.