SOLD
Anton Qiu's Anchor Pacific Capital Acquires Retail Property In San Francisco For $25.76M
350 Bay Street & 2351 Powell Street
Retail
174,000 SF
174,000 SF
Sold 122 days ago
Summary
Sale
CALIFORNIA
Retail
174,000 sqft
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
All
5
Agents
4
Agencies
1
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 WharfView on map
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Address350 Bay Street & 2351 Powell Street
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