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680 Folsom Street

Jesse Zhang Of Decagon AI Signs Lease For 69358 Square Feet At 680 Folsom Street
LEASEDOffice

Jesse Zhang Of Decagon AI Signs Lease For 69358 Square Feet At 680 Folsom Street

680 Folsom Street

Building Size

69,358 SF

Asset Type

Office

Closing

Mar 12, 2026

AI

The property asset involved in this transaction is located at 680 Folsom Street in San Francisco. It is an office asset totaling 69,358 square feet, and it is certified under LEED standards. This lease comes as Decagon AI relocates from 100 First Street, indicating a strategic move within the Financial District South.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 680 Folsom Street, San Francisco
  • Asset Size: 69,358 square feet
  • Tenant: Jesse Zhang - Decagon AI
  • Market: San Francisco
  • Valuation of Tenant Company: $4.5 billion
  • Previous Location: 100 First Street
  • Funding Round: $250 million Series D

The key individuals involved in this deal include Jesse Zhang, representing Decagon AI. The transaction reflects the company's ongoing efforts to expand its operations in the city following a substantial funding round, directly impacting its real estate choices.

Players

Jesse Zhang

Decagon AI

Tenant

3 deals

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