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185 Berry Street

Bret Taylor Of Sierra Finalizes 300K SF Office Lease At 185 Berry Street San Francisco
LEASEDOffice

Bret Taylor Of Sierra Finalizes 300K SF Office Lease At 185 Berry Street San Francisco

185 Berry Street

Building Size

300,000 SF

Asset Type

Office

Closing

Nov 4, 2025

AI

The asset involved in this transaction is an office space located at 185 Berry Street in San Francisco. The leased space spans 300,000 square feet, situated in the China Basin neighborhood, catering to the needs of modern businesses in a growing market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 185 Berry Street
  • Market: San Francisco
  • Tenant: Bret Taylor
  • Company: Sierra
  • Asset Size: 300,000 SF
  • Lease Date: 11/04/2025

This deal marks a significant milestone for Sierra, an AI startup led by OpenAI Chair Bret Taylor. The lease at 185 Berry Street represents the company's expansion, as it establishes its third city office in three years, amid a regional surge in AI leasing activities driven by substantial investment in the sector.

Players

Bret Taylor

Sierra

Tenant

4 deals

Tenant
S
SierraTenant

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