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1 Market Street San Francis...

Updated Oct 29, 2024

Autodesk Renews Lease For 93K SF At One Market Street In San Francisco
LEASEDOffice

Autodesk Renews Lease For 93K SF At One Market Street In San Francisco

1 Market Street San Francisco, California 94105, USA

Building Size

93,000 SF

Asset Type

Office

Closing

Jul 13, 2023

About this deal

AI

Autodesk has renewed its lease for nearly 93,000 square feet of office space at San Francisco's One Market Street complex. The property, located at 1 Market Street, offers a prime location in the heart of San Francisco's market. The lease renewal solidifies Autodesk's commitment to the area and its continued presence in the city.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 1 Market Street, San Francisco
  • Market: San Francisco
  • Square Footage: 93,000 SF

Under the renewed lease agreement, Autodesk will continue to occupy nearly 93,000 square feet of office space at One Market Street. The company's CEO, Andrew Anagnost, played a key role in finalizing the deal. This transaction showcases the confidence Autodesk has in the San Francisco office market and its commitment to maintaining a strong presence in the city.

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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

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