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1 Sansome Street

Updated Dec 4, 2024

Bilt advertisement
McCarthy Building Companies Relocates San Francisco Offices To One Sansome Street
LEASEDOffice

McCarthy Building Companies Relocates San Francisco Offices To One Sansome Street

1 Sansome Street

Building Size

15,000 SF

Asset Type

Office

Closing

Nov 10, 2023

About this deal

AI

McCarthy Building Companies, a major U.S. builder, is relocating its San Francisco offices from Levi’s Plaza to a 15,000-square-foot space on the nineteenth floor at One Sansome Street. The move, scheduled for October 2024, involves an almost 11-year lease with a tenant improvement allowance, facilitated by JLL and Newmark Group.

Summary of transaction details:

Note: McCarthy Building Companies, a major U.S. builder, is relocating its San Francisco offices from Levi’s Plaza to a 15,000-square-foot space on the nineteenth floor at One Sansome Street. The move, scheduled for October 2024, involves an almost 11-year lease with a tenant improvement allowance, facilitated by JLL and Newmark Group.

Players

Scott Wetzel

JLL

Broker

4 deals

Broker
Michael Barker

Michael Barker

Barker Pacific Group

Landlord

$33.6M

vol

6 deals

Landlord
MI
McCarthy Building Companies, IncTenant

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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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