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100 California Street

Capital One Financial Corp. Leases Office Space At 100 California Street, San Francisco
LEASEDOffice

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:

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

Ted Davies

JLL

Broker

2 deals

Broker

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