Kink.com facility sold for $65 million.
The sale reflects not only the city’s high-flying and resilient commercial real estate market but also the decline of the pornography industry, which has seen revenues wither as much of the content that customers used to pay for is now available for free on the Internet. While for years Acworth made a killing creating and selling content for membership-based porn sites under the umbrella of Kink.com, between 2013 and 2016 the company’s membership dropped from 50,000 to 30,000, and its revenues plummeted by 50 percent.
While some Mission residents were initially skeptical about a porn producer purchasing the Armory, Acworth eventually won praise for the restoration work he did on the brick Moorish castle, which had long been empty.
https://www.sfchronicle.com/bayarea/article/SF-Armory-sells-for-65-million-to-be-used-12560076.php