Capgemini America Leases 30,000 SF Office Space In San Francisco's Mission Rock
1011 3rd Street
Building Size
30,000 SF
Asset Type
Office
Closing
Sep 29, 2023
AI
The tech firm, Capgemini America, is relocating its San Francisco offices from SoMa to Mission Rock. In a lease transaction, they have secured 30,000 square feet of office space in The Canyon. This move is aimed at consolidating their workforce and responding to the remote work trend. The building is located at 1011 3rd Street in the San Francisco market.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: Not mentioned
- Address: 1011 3rd Street
- Market: San Francisco
- Asset Type: Office
- SF: 30,000
Tishman Speyer's representative, Rob Speyer, acted as the landlord in this lease transaction. Capgemini America was represented by Jim Bailey in the deal. The lease agreement is for a term of 10 years.
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