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Office Sales and Appraisals Show Plunging Values For San Francisco Commercial Real Estate

Distressed Properties See Values Fall by 50% or More
The owners of<bsp-property-link href="https://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=1&amp;redirUrl=redir%2FDefault.aspx%3FProductMode%3DProperty%26eid%3D320445" target="_blank" link-data="{&quot;cms.site.owner&quot;:{&quot;_ref&quot;:&quot;00000164-904d-d794-ad6f-dcff6d680000&quot;,&quot;_type&quot;:&quot;ae3387cc-b875-31b7-b82d-63fd8d758c20&quot;},&quot;cms.content.publishDate&quot;:1689868147185,&quot;cms.content.publishUser&quot;:{&quot;_ref&quot;:&quot;00000183-37be-df7e-a5f7-77bf9f5a0000&quot;,&quot;_type&quot;:&quot;6aa69ae1-35be-30dc-87e9-410da9e1cdcc&quot;},&quot;cms.content.updateDate&quot;:1689868147185,&quot;cms.content.updateUser&quot;:{&quot;_ref&quot;:&quot;00000183-37be-df7e-a5f7-77bf9f5a0000&quot;,&quot;_type&quot;:&quot;6aa69ae1-35be-30dc-87e9-410da9e1cdcc&quot;},&quot;link&quot;:{&quot;attributes&quot;:[],&quot;target&quot;:&quot;NEW&quot;,&quot;url&quot;:&quot;https://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=1&amp;redirUrl=redir%2FDefault.aspx%3FProductMode%3DProperty%26eid%3D320445&quot;,&quot;_id&quot;:&quot;00000189-73fd-dc14-a5ad-f7fd9d0b0000&quot;,&quot;_type&quot;:&quot;ff658216-e70f-39d0-b660-bdfe57a5599a&quot;},&quot;linkText&quot;:&quot; 600 California St&quot;,&quot;deepLinkId&quot;:&quot;320445&quot;,&quot;disableRelation&quot;:false,&quot;_id&quot;:&quot;00000189-73fd-dc14-a5ad-f7fd5ab80000&quot;,&quot;_type&quot;:&quot;a02711fd-84cb-3e05-af9a-9cc94da9728a&quot;}" data-deep-link-type="property" data-deep-link-id="320445" data-disable-relation="false" data-match-data="{&quot;CountryCode&quot;:&quot;USA&quot;,&quot;MatchId&quot;:320445,&quot;MatchType&quot;:1,&quot;Location&quot;:{&quot;Latitude&quot;:37.792923,&quot;Longitude&quot;:-122.40479},&quot;Display&quot;:&quot;600 California St, San Francisco, CA 94108&quot;,&quot;Elements&quot;:{&quot;MatchId&quot;:0,&quot;MatchType&quot;:0,&quot;Locality&quot;:&quot;San Francisco&quot;,&quot;Subdivision&quot;:&quot;CA&quot;,&quot;DisplayText2&quot;:&quot;Office\t|\t359883.00 SF\t|\tBuilt in 1990&quot;,&quot;AddressID&quot;:&quot;171491&quot;,&quot;PropertyTypeId&quot;:&quot;5&quot;,&quot;PropertyType&quot;:&quot;Office&quot;,&quot;ConstructionStatusId&quot;:&quot;1&quot;,&quot;YearBuilt&quot;:&quot;1990&quot;,&quot;imageUri&quot;:&quot;https://ahprd1cdn.csgpimgs.com/i2/R5wTIHsN06PaWOENMPA35raC4-geTOardR-z36TTy2A/119/image.jpg&quot;,&quot;StreetNumber&quot;:&quot;600&quot;,&quot;StreetName&quot;:&quot;California&quot;,&quot;StreetType&quot;:&quot;St&quot;,&quot;PostCode&quot;:&quot;94108&quot;,&quot;StateCD&quot;:&quot;CA&quot;,&quot;RBA&quot;:&quot;359883&quot;,&quot;BuildingClass&quot;:&quot;A&quot;},&quot;Radius&quot;:0}"> 600 California St</bsp-property-link>. defaulted on its $240 million mortgage in March 2023. An appraisal conducted by the special servicer in April valued the property at $183 million. (CoStar)<br>
The owners of 600 California St. defaulted on its $240 million mortgage in March 2023. An appraisal conducted by the special servicer in April valued the property at $183 million. (CoStar)
CoStar Analytics
July 26, 2023 | 12:31 P.M.

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News | Office Sales and Appraisals Show Plunging Values For San Francisco Commercial Real Estate