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
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