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

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.