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303 Second Street

JLL Facilitates 17,220 SF Lease For Unlearn At 303 Second Street, San Francisco
LEASEDOffice

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

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

Christopher Roeder

JLL

Broker

2 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