San Francisco office building sold at 78% discount: $61.3M down to $13.5M.

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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.

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