Updated Apr 2, 2026
Gladstone Institutes Leases 105000 Square Feet At 1450 Owens Street From Alexandria Real Estate Equities
1450 Owens Street
Building Size
105,000 SF
Asset Type
Mixed-use
Closing
Mar 25, 2026
About this deal
AI
1450 Owens Street is a mixed-use property located in San Francisco, featuring a total square footage of 105,000. This property is leased to support the operations of a new facility for the tenant.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Address: 1450 Owens Street
- Market: San Francisco
- Landlord: Joel S Marcus - Alexandria Real Estate Equities Inc
- Tenant: Deepak Srivastava - Gladstone Institutes
- Lease Term: long-term
Joel S Marcus represents Alexandria Real Estate Equities Inc in this lease transaction, while Deepak Srivastava represents Gladstone Institutes. The long-term lease includes an option to purchase and is expected to expand Gladstone’s research footprint near its headquarters, supporting their growth across multiple scientific institutes.
On the Map
Mixed-use
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Players
San Francisco Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93