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Neil Mehta Of GreenOaks Capital Acquires Retail Buildings In San Francisco For $100 Million

Property Image
SOLD
$100,000,000

California

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Retail
Sold 08/28/2024
the dealdetailscomps
Property Image
SOLD

Neil Mehta Of GreenOaks Capital Acquires Retail Buildings In San Francisco For $100 Million

2235 Fillmore Street & 2210 Fillmore Street

See Similar Deals
Retail
Sold 08/28/2024
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Sale

The transaction involves the sale of eight retail buildings located at 2235 Fillmore Street and 2210 Fillmore Street in San Francisco's Pacific Heights. The total sale price for the properties was $100,000,000. This deal reflects a strategic investment aimed at enhancing support for local businesses in the area.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $100,000,000
  • Buyer: Neil Mehta
  • Company: GreenOaks Capital
  • Transaction Date: 08/28/2024
  • Market: San Francisco

In the wake of Neil Mehta's acquisition, local government officials are taking notice, with Supervisor Aaron Peskin planning to introduce temporary zoning legislation to safeguard businesses in the historic district from potential displacement. This move comes amidst concerns raised by some restaurants regarding the impact of Mehta's new ownership.

Details

SOLD
IMAGE: Neil Mehta DATE: 08/28/2024 ADDRESS: 2235 Fillmore Street & 2210 Fillmore Street MARKET: San Francisco ASSET TYPE: Retail BUYER: Neil Mehta - GreenOaks Capital SALE PRICE: $100,000,000 NOTE: Venture capitalist Neil Mehta purchased eight buildings in San Francisco's Pacific Heights for $100 million, aiming to support local businesses. In response, Supervisor Aaron Peskin plans to introduce temporary zoning legislation to protect historic district businesses from displacement, amid complaints from restaurants that feel threatened by Mehta's new ownership.

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