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1 Sansome Street

Databricks Leases 150,000 Square Feet Office Space At 1 Sansome Street San Francisco
LEASEDOffice

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

Michael Barker

Barker Pacific Group

Landlord

$33.6M

vol

6 deals

Landlord

Ali Ghodsi

Databricks

Tenant

8 deals

Tenant

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