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Pacific Capital Acquires Retail Property In San Francisco For $9.35M

Property Image
SOLD
$9,350,000
Warren McClean
Eric Kathrein
Andrew Spangenberg
+ 1

California

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Retail29,762 SF
Sold 05/03/2024
the dealplayerscompscontact
Property Image
SOLD

Pacific Capital Acquires Retail Property In San Francisco For $9.35M

2145 Market Street

See Similar Deals
Retail29,762 SF
Sold 05/03/2024
Warren McClean
Eric Kathrein
Andrew Spangenberg
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$314
Total Square Footage:29,762 SF
Transaction Type:Sale

The property at 2145 Market Street, located in San Francisco, was recently sold for $9.35 million. This 29,762-square-foot retail asset is fully leased to Walgreens and Live Fit Gym. It offers a Weighted Average Lease Term (WALT) of 10.2 years and is situated in a prime neighborhood with strong commercial appeal and high-income demographics.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $9,350,000
  • Market: San Francisco
  • Address: 2145 Market Street
  • Square Footage: 29,762
  • Price per Square Foot: $314

The sale of the property was facilitated by brokers Andrew Spangenberg, Eric Kathrein, Jen Mistretta, and Warren McClean from JLL. The transaction reflects the ongoing investor interest in premier retail locations within San Francisco, showcasing the expertise and market knowledge of the involved broker team.

Players

Eric Kathrein
JLL
Eric Kathrein
20 deals$800.3M volume(415) 510-6961
BROKER
Warren McClean
JLL
Warren McClean
14 deals$480.3M volume
BROKER
Andrew Spangenberg
JLL
Andrew Spangenberg
3 deals$84.7M volume(415) 276-6938
BROKER
Jen Mistretta
JLL
Jen Mistretta
1 deal$9.4M volume
BROKER

Details

SOLD
IMAGE: 05/03/2024 ADDRESS: 2145 Market Street MARKET: San Francisco ASSET TYPE: Retail ~ ACRES: 0.36 BUYER: Pacific Capital BROKERS: Andrew Spangenberg, Eric Kathrein, Jen Mistretta & Warren McClean - JLL SALE PRICE: $9,350,000 SF: 29,762 ~ PPSF: $314 NOTE: JLL Capital Markets has completed the sale of 2145 Market St., a 29,762-square-foot retail property in San Francisco, for $9.35 million. The asset, fully leased to Walgreens and Live Fit Gym, offers a WALT of 10.2 years and is situated in a prime neighborhood with strong commercial appeal and high-income demographics, reflecting ongoing investor interest in San Francisco's premier retail locations.

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