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
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