# SF USBank tower now 80% off! Get yours now now now!

**URL:** <https://discussion.fool.com/t/sf-usbank-tower-now-80-off-get-yours-now-now-now/91759>\
**Category:** Real Estate Inv. Trusts: REITs\
**Created:** [April 28, 2023, 2:11am UTC](https://discussion.fool.com/t/sf-usbank-tower-now-80-off-get-yours-now-now-now/91759 "2023-04-28T02:11:29Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![FlyingCircus](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/flyingcircus/32/3941_2.png) [@FlyingCircus](https://discussion.fool.com/u/FlyingCircus)\
**Post date:** [April 28, 2023, 2:11am UTC](https://discussion.fool.com/t/sf-usbank-tower-now-80-off-get-yours-now-now-now/91759/1 "2023-04-28T02:11:29Z")

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Very interesting article in WSJ today about the tower at 350 California St in San Fran, a bank home office (until they punted recently). As recently as '19 the value estimate was $300 million. Now? They’ll be lucky to get $60 million for it. As well, sublessors are getting barely enough rental rates to keep the utilities on

Office commercial real estate is going to be “generally” weak for a while, this time.

> **[Fire Sale: $300 Million San Francisco Office Tower, Mostly Empty. Open to...](https://www.wsj.com/articles/san-francisco-commercial-real-estate-office-buildings-471742ea?st=vp6q0z2ftyiwwb9&reflink=desktopwebshare_permalink)**
>
> 350 California Street was worth $300 million four years ago. It might sell for 80% less now, brokers say, in a market where office vacancy rates have soared.

FC