Updated Aug 21, 2026
Neil Mehta Acquires 2035-2047 Fillmore Street Retail Property In San Francisco For $8.6M
2047 Fillmore Street
$8,600,000
Building Size
—
Asset Type
Retail
Closing
Aug 19, 2026
About this deal
AI
The retail property located at 2035-2047 Fillmore Street in San Francisco has been acquired by Neil Mehta for $8,600,000. This transaction adds a significant asset to his portfolio, which now consists of at least seven properties with cumulative acquisitions and renovations exceeding $50 million.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,600,000
- Buyer: Neil Mehta
- Address: 2035-2047 Fillmore Street
- Market: San Francisco, CA
The Upper Fillmore Revitalization Project, led by venture capitalist Neil Mehta, is taking significant steps to reshape the Upper Fillmore corridor. The project aims to consolidate four vacant storefronts into a single restaurant space, demonstrating a commitment to revitalizing the area.
Players
Fillmore Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93