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1 Sansome Street

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

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

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