JLL Capital Markets closed the $9.35-million sale of 2145 Market St., a 29,762-square-foot, trophy retail asset located in San Francisco. Managing director Eric Kathrein, director Warren McClean, senior analyst Andrew Spangenberg and analyst Jen Mistretta represented the seller, a private family trust. Pacific Capital acquired the asset.
2145 Market is 100% leased to Walgreens and rapidly growing fitness tenant Live Fit Gym, with a WALT of 10.2 years. The site comprises two parcels totaling 0.36 acres and includes one two-story retail building and a subterranean parking garage. Zoning allows for 47,000 square feet of residential and commercial use, with parking in the existing on-site parking structure.
“2145 Market St. is a testament to the enduring appeal of well-located, street-front retail in San Francisco,” said McClean. “We have continued to see strong investor interest and tenant demand for retail properties in the city’s most coveted neighborhoods.”
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