JLL Facilitates 17,220 SF Lease For Unlearn At 303 Second Street, San Francisco
303 Second Street
Building Size
17,220 SF
Asset Type
Office
Closing
Feb 15, 2024
AI
The lease transaction involved an office space spanning 17,220 square feet located at 303 Second Street in San Francisco. The deal was facilitated by real estate firm JLL on behalf of the landlord, Angela M. Aman from Kilroy Realty Corp, and the tenant, Jack McGovern from Unlearn.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not provided
- Address: 303 Second Street, San Francisco
- Market: San Francisco
- Landlord: Angela M. Aman - Kilroy Realty Corp
- Tenant: Jack McGovern - Unlearn
- Brokers: Allison Hoffmann, Ann Montilla, Chris Roeder, John Roskos & Ted Davies - JLL
JLL's efforts in securing the 17,220-square-foot lease were supported by brokers Allison Hoffmann, Ann Montilla, Chris Roeder, John Roskos, and Ted Davies. Unlearn's CFO expressed satisfaction with the employee-centric amenities and the convenient location near downtown amenities and public transportation, which were instrumental in the lease agreement.
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