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Elon Musk's XAI Corp Leases Office Space At 3180 18th Street In San Francisco

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LEASED

California

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Office37,000 SF
Leased 10/02/2024
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Property Image
LEASED

Elon Musk's XAI Corp Leases Office Space At 3180 18th Street In San Francisco

3180 18th Street

See Similar Deals
Office37,000 SF
Leased 10/02/2024
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:37,000 SF
Transaction Type:Lease

The asset involved in this lease transaction is an office space located at 3180 18th Street in the Mission District of San Francisco. The total square footage of the office is 37,000 square feet. The property is situated in a market known for its dynamic business environment defined by tech companies and startups.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 3180 18th Street
  • Market: San Francisco
  • Tenant: Elon Musk - xAI Corp

Elon Musk's artificial intelligence company, xAI Corp, has taken occupancy of the office space, which was previously subleased to OpenAI. Musk announced the opening of the office at a networking event and noted that the xAI team has re-furnished the space. However, the building remains listed for sublease as of Wednesday.

Details

LEASED
IMAGE: Elon Musk DATE: 10/02/2024 ADDRESS: 3180 18th Street MARKET: San Francisco ASSET TYPE: Office ~ SF: 37,000 TENANT: Elon Musk (@ElonMusk__.official) - xAI Corp (@X.AI.Corp) NOTE: Elon Musk's artificial intelligence company, xAI Corp, has opened an office in the Pioneer Building at 3180 18th Street in San Francisco's Mission District, previously subleased to competitor OpenAI. Musk announced the move at a networking event, indicating that his team has re-furnished the space, although the building is still officially listed for sublease as of Wednesday.

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Deal Type
Effective Rent (Annual)

$2,120,817.67

Total Lease Value

$21,208,176.73

Net Landlord Cash Flow$2,120,817.67