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140 New Montgomery Street

CBRE Secures Leases For Super{set}, Calendly, And Heidrick & Struggles In San Francisco
LEASEDOffice

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:

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

Hugh Scott

JLL

Broker

$270M

vol

5 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