123 Mission Street

Location:

San Francisco, CA

Acquisition Date:

March 2026

Size:

362,061 SF

Asset Type:

Office

Opportunity:

In March 2026, Madison Capital acquired the non-performing loan on 123 Mission Street through a lender-facilitated short sale. The property is a 362,061 SF Class A, LEED Platinum office tower located in San Francisco's South Financial District. The business plan includes an extensive amenitization of the building, comprising a dedicated amenity floor, lobby upgrades, and exterior plaza improvements. Additional leasing preparation work will be undertaken in connection with a comprehensive retenanting and repositioning effort, as the building is being reintroduced to the market after a six-year absence.