Khozema Shipchandler Of Twilio Signs Three-Year Lease For 83000 SF Office At 101 Spear St
101 Spear Street
Building Size
83,000 SF
Asset Type
Office
Closing
Feb 24, 2025
AI
The asset involved in this transaction is an office space located at 101 Spear Street in San Francisco, with a total area of 83,000 square feet. The property is part of the San Francisco market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Term: three-year
- Landlord: Victor Coleman - Hudson Pacific Properties
- Tenant: Khozema Shipchandler - Twilio
Khozema Shipchandler from Twilio is entering into a three-year direct lease, transitioning from a sublease arrangement with Salesforce that is set to expire next month. This deal is with landlord Victor Coleman, representing Hudson Pacific Properties, aligning with Twilio's approach to maintain a remote-first policy while ensuring adequate office space for collaboration.
San Francisco Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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