BH Properties is set to purchase the office building at 989 Market St. in San Francisco for $13.5 million, which is a significant drop from its purchase price of $61.3 million a decade ago. This represents a 78% decrease in value.
The commercial real estate market in San Francisco has been facing challenges, contributing to such steep declines in property values.
Sears building at the Peru Mall is back on the auction block after an investor failed to finalize a $1.5M purchase.
The one-story, 98,858 SF building, built in 2001, sits on 8.4 acres The minimum bid is now set at $550K.
Closed October 2017.#commercialrealestate #Illinois pic.twitter.com/JlDvOMpHCa
— Nightingale Associates (@FCNightingale) July 26, 2024
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