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
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