Report: Salesforce.com Plans to Sell Off Its San Francisco Land

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    NEWSLETTERS

    Asa Mathat
    File photo of Salesforce.com CEO Mark Benioff.

    Salesforce.com knows when it's time to sell.

    And the time is now.

    The cloud software company, one of San Francisco's bigger tech companies, is plotting to sell off a 14-acre parcel of land in Mission Bay, according to Bloomberg.

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    The land, bought in 2010 for $278 million, is likely worth much more than that now, with real estate in the city at an all-time premium.

    The company had planned to construct a new campus there but instead has decided to lease other office space, the website noted.

    Recently, another Mission Bay parcel of land sold for 74 percent more than what it had last sold for in 2012, according to the website

    Salesforce.com declined to comment on the sale.