Wyatt Cerny Of Fountainhead Development Acquires Historic 800 Market Street Office For $17.2M

The office property at 800 Market Street in San Francisco was sold for $17,200,000. The asset spans a total area of 48,600 square feet, resulting in a price per square foot of approximately $354. This historic building, known as the “Flatiron Building,” was previously occupied by Diesel and WeWork.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $17,200,000
• Address: 800 Market Street
• Market: San Francisco
• Square Footage: 48,600
• Price Per Square Foot: $354
• Buyer: Wyatt Cerny - Fountainhead Development
• Seller: Andrew Schlossberg - Invesco

Wyatt Cerny represented Fountainhead Development in acquiring the property, while Andrew Schlossberg represented Invesco in the sale. The transaction reflects a significant reduction in value, with the previous sale price recorded at $51,000,000 in 2011. Fountainhead Development intends to reactivate the vacant ground-floor retail space.