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Anton Qiu's Anchor Pacific Capital Acquires Retail Property In San Francisco For $25.76M

Property Image
SOLD
$25,760,000
Jeffrey (Jeff) Weber
QL
Cooper Engst
+ 1

California

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Retail174,000 SF
Sold 12/22/2023
the dealplayerscompscontact
Property Image
SOLD

Anton Qiu's Anchor Pacific Capital Acquires Retail Property In San Francisco For $25.76M

350 Bay Street & 2351 Powell Street

See Similar Deals
Retail174,000 SF
Sold 12/22/2023
Jeffrey (Jeff) Weber
QL
Cooper Engst
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$148
Total Square Footage:174,000 SF
Transaction Type:Sale

San Francisco's NorthPoint Shopping Centre and NorthPoint Vistas apartments have been acquired by Anchor Pacific Capital in partnership with an undisclosed family office. The transaction, which took place on December 22, closed at a price of $25.76 million. The retail property spans 87,000 square feet and is located at 350 Bay Street. It is aimed at attracting a new supermarket and activating the space for the neighborhood and Fisherman’s Wharf.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $25,760,000
  • Address: 350 Bay Street & 2351 Powell Street, San Francisco
  • Market: San Francisco

Anton Qiu of Anchor Pacific Capital led the acquisition of the NorthPoint properties. Alicia Mueller, Cooper Engst, Jeffrey Weber, and Quynh Le of Eastdil Secured served as the brokers for the deal.

Players

Jeffrey (Jeff) Weber
Eastdil Secured
Jeffrey Weber
3 deals$396.3M volume(415) 228-2900
BROKER
QL
Eastdil Secured
Quynh Le
1 deal$25.8M volume
BROKER
Cooper Engst
Eastdil Secured
Cooper Engst
1 deal$25.8M volume(206) 661-8468
BROKER
Alicia Mueller
Eastdil Secured
Alicia Mueller
1 deal$25.8M volume(212) 315-7200
BROKER

Details

SOLD
IMAGE: Anton Qiu, Cooper Engst & Jeffrey Weber DATE: 12/22/2023 ADDRESS: 350 Bay Street & 2351 Powell Street MARKET: San Francisco ASSET TYPE: Retail BUYER: Anton Qiu - Anchor Pacific Capital SELLER: Northpoint Investors BROKERS: Alicia Mueller, Cooper Engst (@CooperEngst), Jeffrey Weber & Quynh Le - Eastdil Secured (@EastdilSecured) SALE PRICE: $25,760,000 SF: 87,000 ~ PPSF: $296 NOTE: Anchor Pacific Capital, in partnership with an undisclosed family office, acquired San Francisco's NorthPoint Shopping Centre and NorthPoint Vistas apartments for around $25.76 million on December 22. The focus is on stabilizing the 87,000-square-foot shopping center and 72-unit residential complex, with plans to attract a new supermarket and activate the space for the neighborhood and Fisherman’s Wharf

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