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181 Fremont Street

Brendan Foody Of Mercor Expands Footprint With 27,272 Square Foot Sublease At 181 Fremont Street
LEASEDOffice

Brendan Foody Of Mercor Expands Footprint With 27,272 Square Foot Sublease At 181 Fremont Street

181 Fremont Street

Building Size

27,272 SF

Asset Type

Office

Closing

Jun 12, 2026

AI

The asset involved in this transaction is an office space located at 181 Fremont Street in San Francisco, CA. This office measures 27,272 square feet and is part of a prestigious tower in the market, which has recently seen an increase in AI and tech tenants due to ongoing leasing activity in the downtown area.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Market: San Francisco, CA
  • Tenant: Brendan Foody
  • Company: Mercor
  • Previous Occupant: Meta

The deal was signed by Brendan Foody representing the AI recruiting startup Mercor, which has expanded its footprint within the building by acquiring three upper floors that were previously vacated by Meta. This transaction illustrates the continued interest of tech companies in prominent office spaces in San Francisco.

Players

M
MercorBuyer
M
MercorTenant

Fremont 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