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300 Mission Street

Rakuten International Relocates San Francisco Offices To 300 Mission St. With Sublease From Glassdoor
LEASEDOffice

Rakuten International Relocates San Francisco Offices To 300 Mission St. With Sublease From Glassdoor

300 Mission Street

Building Size

29,000 SF

Asset Type

Office

Closing

Jan 7, 2024

AI

Rakuten International has relocated its San Francisco offices to 300 Mission St., subleasing 29,000 sq ft on the 18th floor from Glassdoor. The move offers Rakuten flexibility with a sublease term until 2025 and the option to extend through November 2030, aligning with its hybrid work model of three days in the office per week.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 300 Mission Street
  • Market: San Francisco
  • Asset Type: Office
  • Square Footage: 29,000 SF

Brittan Hawken from JLL represented Rakuten International as their broker in this transaction, while Christian Sutherland-Wong, the CEO of Glassdoor, represented the landlord. Amit Patel and Shawn Roberts from Rakuten International were the tenants involved in the deal.

Players

Brittan Hawken

JLL

Broker

3 deals

Broker

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