Another Mostly Empty Office Tower in San Francisco Sells for 75% Off: Juul’s Abandoned Headquarters

Another Mostly Empty Office Tower in San Francisco Sells for 75% Off: Juul’s Abandoned Headquarters

Now there’s a new wave of investor-funded tenants in town that are swimming in cash: AI companies.

Juul skyscraper in San Francisco sold to Madison Capital

The e-cigarette company paid nearly $400 million for 123 Mission St. in 2019. The building’s value has dropped more than 75% since.

San Francisco's commercial real estate collapse: Former Juul headquarters sold off at 75% discount, while data centers advance - Economic Scenarios

The US commercial real estate market, particularly on the West Coast, continues to show signs of deep distress. San Francisco , once the undisputed and

Madison Capital & PGIM Acquire Debt on Juul’s 387,000 SQFT 123 Mission Tower in San Francisco at Steep Discount From $397MM Purchase Price

A debt sale in the low $90 million range positions new investors to take ownership of a building that was once valued at nearly $400 million, underscoring both the depths of the city’s post-pandemic office crisis and the nascent recovery underway. The saga of 123 Mission Street, a 29-story office tower in San Francisco’s South […] The post Madison Capital & PGIM Acquire Debt on Juul’s 387,000 SQFT 123 Mission Tower in San Francisco at Steep Disc…