SAN FRANCISCO, CA – HFF announced today that it has closed the sale of The Cannery (top left photo), a 98,983-square-foot mixed-use building in San Francisco’s Fisherman’s Wharf district.HFF marketed the property on behalf of the seller. The property was purchased for $20.58 million free and clear of debt. The iconic property was aggressively pursued resulting in over 25 offers to purchase.
Originally developed in 1907 as the world’s largest peach cannery, the property has operated as a multi-level mixed-use center for the last 50 years. The Cannery was extensively renovated in 2001 and includes two, three-story office and retail buildings. Located at 2801 Leavenworth Street, the 1.29-acre site is situated in the heart of San Francisco’s Fisherman’s Wharf district, which attracts more than 16 million visitors annually and is ranked as one of the top five destinations nationally.
The HFF team representing the seller included directors Samuel Brownell and Nicholas Bicardo and senior managing director Michael Leggett.
Contacts:
Samuel A. Brownell, Ca. Lic. # 01323731, HFF Director, (713) 852-3500, sdeasy@hfflp.com
Nicholas T. Bicardo, Ca. Lic. #01380524, HFF Director, (415) 276-6300, nbicardo@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (415) 276-6300
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