365,000 sf 505 Montgomery St. San Franciso Class A on Market at $274/rsf

The Seller acquired this 24-story office building, built in 1988, back in 2005 for $314/rsf so the discount is not as bad as some of the other recent Class A office sales in San Francisco, where the original purchase back in 2018 or 2019 was in the $500-700/rsf range…still, just another sign that our market is bouncing along at the bottom and not ready to come up for air…