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
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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1 Sansome Street
- Market: San Francisco
- Landlord: Barker Pacific Group - Michael Barker
- Tenant: McCarthy Building Companies - Ray Sedey
- Landlord's Rep: Mike Brown, Aaron Gillespie & Roman Adler - Newmark
- Tenant's Rep: Griggs Ziesing, Jonathan Allen & Scott Wetzel - JLL
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
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