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120 Grant Avenue

Goyard Leases 2500 Square Feet Office At 120 Grant Avenue San Francisco Represented By Kazuko Morgan
LEASEDOffice

Goyard Leases 2500 Square Feet Office At 120 Grant Avenue San Francisco Represented By Kazuko Morgan

120 Grant Avenue

Building Size

2,500 SF

Asset Type

Office

Closing

Nov 15, 2024

AI

120 Grant Avenue is an office asset located in San Francisco's Union Square, encompassing a total of 2,500 square feet. The property has recently been leased by Goyard, which is expanding by taking over the space previously occupied by Montblanc next to its current location at 118 Grant Avenue.

Summary of transaction details:

The leasing deal was facilitated by Kazuko Morgan, representing Cushman & Wakefield, indicating a positive shift in the market driven by renewed investment in Union Square after the recent election of moderate leaders such as Mayor Daniel Lurie.

Players

Kazuko Morgan

Cushman & Wakefield

Broker

$222.7M

vol

10 deals

Broker

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