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101 Spear Street

Khozema Shipchandler Of Twilio Signs Three-Year Lease For 83000 SF Office At 101 Spear St
LEASEDOffice

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.

Players

Victor Coleman

Hudson Pacific Properties

Landlord

$1.6B

vol

9 deals

Landlord

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