Peter Acworth Of Kink.com Acquires Office Building In San Francisco For $14.9M

The asset involved in the transaction is a 95,000-square-foot office and industrial building located at 1717 Mission Street in San Francisco, CA. The sale price for this property was $14,900,000, equating to a price per square foot of $157. The property was originally listed for $45 million in 2020 but was acquired at a significant discount. The building was previously the headquarters of Walter Wong's Jaidin Consulting Group and had plans for redevelopment into a life sciences campus, which were ultimately abandoned.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $14,900,000
• Buyer: Peter Acworth
• Buyer's Company: Kink.com
• Address: 1717 Mission Street, San Francisco, CA
• Square Footage: 95,000
• Price Per Square Foot: $157
• Original Asking Price: $45,000,000

Peter Acworth, representing Kink.com, completed the acquisition of the property at 1717 Mission Street. The transaction reflects the changing real estate landscape, particularly in the life sciences sector, where the intended redevelopment plans for the site were abandoned due to a weakening demand for lab space.