Updated Jul 31, 2025
Henrique Dubugras & Pedro Franceschi Of Brex Lease 100000 Square Feet Office In San Francisco
270 Brannan Street
Building Size
100,000 SF
Asset Type
Office
Closing
Jul 30, 2025
About this deal
AI
The property asset involved is an office space located at 270 Brannan Street in San Francisco, encompassing a total of 100,000 square feet. The market for this asset is highlighted by its location in San Francisco, a key area for commercial real estate. This lease marks a significant transition for Brex as it returns to a larger office environment after adopting a remote-first policy in 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 270 Brannan Street
- Market: San Francisco
- Square Footage: 100,000
- Tenant: Henrique Dubugras & Pedro Franceschi - Brex
- Lease Date: 07/30/2025
- Planned Move-In Date: Mid-November
- Note: Brex is focusing on hybrid work arrangements.
The key individuals involved in this transaction are Henrique Dubugras and Pedro Franceschi, representing Brex. Their decision to lease this space indicates a strategic shift for the fintech company as they adapt to a hybrid work model, signaling their intent to potentially establish a new operational base.
Players
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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