Databricks Leases 150,000 Square Feet Office Space At 1 Sansome Street San Francisco
1 Sansome Street
Building Size
150,000 SF
Asset Type
Office
Closing
Mar 6, 2025
AI
The asset involved in this transaction is an office property located at 1 Sansome Street in San Francisco. The lease encompasses a total of 150,000 square feet, which is now occupied by Databricks as they expand their office space. The lease is classified as long-term but no financial details regarding transaction amounts are disclosed.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1 Sansome Street
- Market: San Francisco
- Landlord: Michael Barker - Barker Pacific Group
- Landlord: Cathy Marcus - PGIM Real Estate
- Tenant: Ali Ghodsi - Databricks
- Lease Term: Long-term
Michael Barker and Cathy Marcus represent the landlords, while Ali Ghodsi represents the tenant in this transaction. Databricks is in the process of renovating the space for a planned return-to-office strategy in 2026. The move aligns with trends of major tech companies expanding within the Bay Area, particularly in the artificial intelligence sector.
Players
San Francisco Office Market Snapshot
Boundary boundary · Office · 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