Clay Leases 44,000 Square Feet At The Mills Building In San Francisco From The Swig Company
220 Montgomery Street
Building Size
44,000 SF
Asset Type
Office
Closing
Jul 29, 2026
AI
The asset involved in this transaction is an office property located at 220 Montgomery Street in San Francisco, CA. This property comprises 44,000 square feet and is part of The Mills Building, a historic office structure owned by The Swig Company.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 220 Montgomery Street
- Market: San Francisco, CA
- Landlord: Connor Kidd - The Swig Company
- Tenant: Kareem Amin - Clay
Kareem Amin, representing Clay, secured a lease for the office space, which indicates a strategic expansion by the AI-powered go-to-market platform into a prime location in downtown San Francisco. Connor Kidd acts as the landlord in this transaction, facilitating the lease agreement with the tenant.
Players
Montgomery 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