Capital One Financial Corp. Leases Office Space At 100 California Street, San Francisco
100 California Street
Building Size
40,000 SF
Asset Type
Office
Closing
Jun 4, 2024
AI
Located at 100 California Street in San Francisco, the office asset spans 40,000 square feet and serves as the new location for Capital One Financial Corp. The move signifies Capital One's strategic decision to downsize its San Francisco offices by two-thirds, transitioning to a more compact workspace.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided in the context
- Landlord: Pembroke
- Tenant: Capital One Financial Corp.
- Brokers: Carlye Parker, Matt Shewey & Ted Davies - JLL
Carlye Parker, Matt Shewey, and Ted Davies from JLL facilitated the leasing transaction, ensuring a smooth transition for Capital One Financial Corp. to its new office space at 100 California Street. The move involved subleasing one floor from Stem and directly leasing another floor from Pembroke, showcasing the collaborative efforts of the involved parties.
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