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123 Townsend Street

Kurt Beidler Of Quizlet Signs 46775 Square Foot Lease With Landlord Razmig Boladian In San Francisco
LEASEDOffice

Kurt Beidler Of Quizlet Signs 46775 Square Foot Lease With Landlord Razmig Boladian In San Francisco

123 Townsend Street

Building Size

46,775 SF

Asset Type

Office

Closing

Oct 8, 2025

AI

The asset involved in this transaction is a 46,775-square-foot office space located at 123 Townsend Street in San Francisco. This area is part of the South of Market district, known for its diverse commercial offerings. The property represents a significant component of the city's office market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 123 Townsend Street
  • Market: San Francisco
  • Landlord: Razmig Boladian - Rubicon Point Partners
  • Tenant: Kurt Beidler - Quizlet

In this transaction, Quizlet, a digital learning platform, secured a sublease for the office space, marking one of the largest office transactions in San Francisco’s third quarter. Razmig Boladian, representing Rubicon Point Partners, facilitated the leasing agreement.

Players

Razmig Boladian

Rubicon Point Partners

Landlord

$132.3M

vol

3 deals

Landlord
RP
Rubicon Point PartnersLandlord
Kurt Beidler

Kurt Beidler

Quizlet

Tenant

1 deal

Tenant

San Francisco Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93