Amjad Masad Of Replit Expands Office Lease To 147,219 Square Feet In Foster City
1001 East Hillsdale Boulevard
Building Size
147,219 SF
Asset Type
Office
Closing
Apr 16, 2026
AI
The asset involved in this context is an office property located at 1001 East Hillsdale Boulevard in Foster City. The total square footage of the property is 147,219. The market in which this asset is situated is known for its demand from technology firms.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1001 East Hillsdale Boulevard
- Market: Foster City
- Square Footage: 147,219
- Tenant: Amjad Masad - Replit
Amjad Masad represents Replit in this lease transaction. Replit has chosen to renew and expand its headquarters lease, demonstrating a commitment to maintaining a significant physical presence in the Peninsula region, which serves as a hub for software development companies.
Players
Foster City 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