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345 California Street

Jamie Hodari Of Industrious Expands Office Lease At 345 California Street San Francisco By 17100 SF
LEASEDOffice

Jamie Hodari Of Industrious Expands Office Lease At 345 California Street San Francisco By 17100 SF

345 California Street

Building Size

17,100 SF

Asset Type

Office

Closing

Nov 26, 2025

AI

The property involved in the transaction is located at 345 California Street, San Francisco, and is an office asset totaling 17,100 square feet. The tenant, Industrious, is expanding its premises, which will increase the total footprint to 50,500 square feet across three floors. The buildout for this expansion is expected to be completed by mid-February 2026.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 345 California Street
  • Market: San Francisco
  • Asset Size: 17,100 square feet
  • Tenant: Jamie Hodari - Industrious

This transaction reflects Industrious's ongoing expansion efforts in the Bay Area, which are driven by strong demand for downtown office space, particularly from AI companies. Alongside this lease, Industrious has also secured a new 19,800-square-foot lease in Burlingame.

Players

Jamie Hodari

Industrious

Tenant

11 deals

Tenant

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