Daily limit: 0/10
Uber Leases San Francisco Headquarters Buildings To OpenAI For Expansion
LEASED
California
See Similar DealsOffice973,200 SF
Leased 10/29/2023
LEASED
Uber Leases San Francisco Headquarters Buildings To OpenAI For Expansion
1455 3rd Street & 1515 3rd Street
See Similar DealsOffice973,200 SF
Leased 10/29/2023
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:973,200 SF
Transaction Type:Lease
Uber has leased two of its San Francisco headquarters buildings to OpenAI, marking the city's largest lease since 2018. The buildings are located at 1455 3rd Street and 1515 3rd Street. This lease demonstrates OpenAI's commitment to expanding in San Francisco and highlights the changing leasing landscape in the city.
Summary of transaction details
- Property Type: Office - SF: 486,600
- Transaction Date: 10/29/2023
- Landlord: Uber - Dara Khosrowshahi
- Tenant: OpenAI - Sam Altman
- Market: San Francisco
The lease agreement between Uber and OpenAI involves two office buildings in San Francisco. The properties have a combined square footage of 486,600 and are located at 1455 3rd Street and 1515 3rd Street. Dara Khosrowshahi, the CEO of Uber, serves as the landlord in this transaction, while Sam Altman, the former president of Y Combinator, represents OpenAI as the tenant.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Tenants
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$55,783,236.73
Total Lease Value
$557,832,367.30
Net Landlord Cash Flow$55,783,236.73
Is there something missing? Send suggestions