Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained by Pacific Gas and Electric Company (“PG&E”) to present a singular and irreplaceable opportunity in the heart of San Francisco — the former PG&E Substation I (the “Property” or the “Power Bunker”), located at 111–117 Eighth Street in SoMa. Now fully vacated by PG&E, this offering presents investors and operators with the only commercially available power-entitled asset of its kind in San Francisco, with up to 12 megawatts of deliverable electrical power confirmed by PG&E through an initial engineering evaluation dated June 5, 2026.

The Property is a 21,062 square foot, three-story building constructed in 1908 and expanded through 1923. Purpose-built for high-voltage electrical equipment, it features a high-bay main crane bay, transformer room, circuit regulator area, and a 4,412 square foot basement — with seismic bracing added in 2006. The building’s industrial bones translate directly to modern power-intensive uses including AI research and development, edge computing, and advanced technology operations. The façade holds a California 3B historic designation, making the Property potentially eligible for the Mills Act (up to 50% property tax reduction) and a 20% federal rehabilitation tax credit for qualifying renovations.

Located in the epicenter of SoMa — home to the highest concentration of AI companies in the United States — the Property sits within blocks of Anthropic, OpenAI, and dozens of the world’s most advanced technology firms. As demand for power-dense urban infrastructure accelerates alongside the growth of artificial intelligence, the Power Bunker represents a convergence of location, power, and timing that cannot be replicated anywhere else in San Francisco.

The Power Bunker presents the rare opportunity to acquire not just a building, but the power that will define San Francisco’s role in the AI era.

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