Brian Armstrong Of Coinbase Leases 150,000 SF Office Space From Landlords Rob Speyer And Larry Baer In San Francisco
1090 Dr. Maya Angelou Way
Building Size
150,000 SF
Asset Type
Office
Closing
May 28, 2025
AI
The property asset involved is located at 1090 Dr. Maya Angelou Way in San Francisco, consisting of office space totaling 150,000 square feet. The transaction is notably in the San Francisco market.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1090 Dr. Maya Angelou Way
- Square Footage: 150,000 SF
- Landlord: Rob Speyer - Tishman Speyer ; Larry Baer - San Francisco Giants
- Tenant: Brian Armstrong - Coinbase
Brian Armstrong of Coinbase has signed a lease for the aforementioned office space, indicating the company's significant return to physical office operations after adopting a remote-first model in 2021. Despite securing this lease, Coinbase has stated a commitment to remote work, asserting that employees will not be required to return or relocate.
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