CBRE Secures Leases For Super{set}, Calendly, And Heidrick & Struggles In San Francisco
140 New Montgomery Street
Building Size
55,913 SF
Asset Type
Office
Closing
Jun 3, 2024
AI
The office property located at 140 New Montgomery Street in San Francisco spans 55,913 square feet. The recent leases signed at this location were facilitated by CBRE and Pembroke, bringing in tenants such as super, Calendly, and Heidrick & Struggles.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 140 New Montgomery Street
- Market: San Francisco
- Tenants: super, Calendly, Heidrick & Struggles
- Landlord's Rep: Bill Cumbelich, Dean McPadden & Jack Beritzhoff - CBRE
- Tenant's Rep: Denis Karas & Michael McCandless - Savills; Derek Johnson, Hugh Scott & Jack Nelson - JLL
The deals at 140 New Montgomery St. in San Francisco were successfully finalized with the involvement of key representatives from both the landlord and tenant sides. Bill Cumbelich, Dean McPadden, and Jack Beritzhoff from CBRE played pivotal roles in attracting tenants like super, Calendly, and Heidrick & Struggles to this prime office space, showcasing the property's desirability in the competitive San Francisco market.
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