OpenAI Leases 202400 Square Foot Office At 1411 Harbour Way South In Richmond
1411 Harbour Way South
Building Size
202,400 SF
Asset Type
Office
Closing
Mar 27, 2026
AI
The property asset involved in this transaction is a 202,400-square-foot office located at 1411 Harbour Way South in Richmond. The asset is utilized for industrial and logistics purposes and is situated on a 25.9-acre site.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Square Footage: 202,400
- Address: 1411 Harbour Way South
- Market: Richmond
- Tenant: Sam Altman - OpenAI
This lease agreement marks an expansion of OpenAI's operations in the Bay Area, complementing recent leases in Mountain View and San Francisco, demonstrating the company's growth trajectory in the region.
Players
Richmond 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