San Francisco Office Building Bought for $64 Million Sells for $15 Million

Undated Google Street View image of an office building at 55 New Montgomery Street in San Francisco. Google Maps/Screenshot via The Epoch Times

Another San Francisco office building recently sold on auction for a fraction of the original purchase price, a 100,000 square foot office building bought in 2018 for $64.25 million and sold for just $15 million.

Located at 55 New Montgomery Street, according to public records, the historic 8-story building dropped its valuation from over $640 per square foot to $150 per square foot.