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Metropolis Dermatology Leases 6,881 Sq. Ft. Office Space In Downtown San Jose

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LEASED
$4

California

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Office6,881 SF
Leased 05/09/2023
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LEASED

Metropolis Dermatology Leases 6,881 Sq. Ft. Office Space In Downtown San Jose

111 N Market St San Jose, CA 95113, USA

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Office6,881 SF
Leased 05/09/2023
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$4
Total Square Footage:6,881 SF
Transaction Type:Lease

Metropolis Dermatology has signed a lease for a 6,881 sq. ft. space at 111 North Market Street in San Jose, California. This marks the dermatology group's first location in the San Francisco Bay Area. The Class A property is located in downtown San Jose and is set to be occupied by Metropolis Dermatology in January 2024. The lease was facilitated by Rubicon Point Partners, represented by Annie Doud, and the tenant was represented by Greg Houser of CARR.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 111 North Market Street, San Jose, California
  • Market: San Jose
  • Landlord: Rubicon Point Partners (Annie Doud)
  • Tenant: Metropolis Dermatology
  • Landlord's Representative: Matt Taylor - CBRE
  • Tenant's Representative: Greg Houser - CARR
  • Asking Rent: $4.65/ft. ~ SF: 6,881

Metropolis Dermatology's entry into the San Francisco Bay Area with its new location on North Market Street signifies the group's expansion beyond its Southern California base. The office space at 111 North Market Street offers a high-quality environment suitable for the dermatology practice's needs. The lease agreement was facilitated by Rubicon Point Partners, with Annie Doud representing the landlord's interests. Metropolis Dermatology was represented by Greg Houser of CARR, ensuring a smooth transaction for both parties involved.

Players

Matt Taylor
2 deals$123M volume
BROKER


LANDLORD

Details

LEASED
IMAGE: Matt Taylor & Greg Houser DATE: 05/09/2023 ADDRESS: 111 North Market Street MARKET: San Jose ASSET TYPE: Office LANDLORD: Rubicon Point Partners (@RubiconPointPartners) - Annie Doud TENANT: Metropolis Dermatology (@MetropolisDermatology) LANDLORD'S REP: Matt Taylor - CBRE (@CBRE) TENANT'S REP: Greg Houser - CARR ASKING RENT: $4.65/ft. ~ SF: 6,881 NOTE: Metropolis Dermatology has signed a lease for a 6,881 sq. ft. space at 111 North Market Street in San Jose, California, marking its first location in the San Francisco Bay Area. The dermatology group, which currently has locations in Southern California, is set to move into the Class A property in downtown San Jose in January 2024.

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Deal Type
Effective Rent (Annual)

$31,553.18

Total Lease Value

$315,531.81

Net Landlord Cash Flow$31,553.18