Barry McCardel Of Hex Technologies Leases 20,000 Square Feet At 100 Montgomery Street In San Francisco
100 Montgomery Street
Building Size
20,000 SF
Asset Type
Office
Closing
Mar 30, 2026
AI
The asset involved in this transaction is an office space located at 100 Montgomery Street in the San Francisco market. The total square footage of the office is 20,000, catering to businesses in the Financial District. Hex Technologies has secured a lease for this space, reflecting the current trends in office leasing within the city.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 100 Montgomery Street
- Market: San Francisco
- Tenant: Barry McCardel
- Company: Hex Technologies
Barry McCardel represents Hex Technologies in this transaction, which marks a significant expansion as the company more than doubled its office footprint in San Francisco. The decision to lease this space from Jackson Square indicates a strategic move to accommodate the demands of growth within the burgeoning AI sector driving activity in the leasing market across the city.
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