facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Office

/

Lease

/

345 Montgomery Street

Erika James Of The Wharton School Leases 80,000 Square Feet Office At 345 Montgomery Street
LEASEDOffice

Erika James Of The Wharton School Leases 80,000 Square Feet Office At 345 Montgomery Street

345 Montgomery Street

Building Size

80,000 SF

Asset Type

Office

Closing

Oct 24, 2025

AI

The Cube building located at 345 Montgomery Street in San Francisco is an office asset comprising 80,000 square feet. This property is part of the larger 555 California Street complex, co-owned by Vornado Realty Trust and the Trump Organization.

Summary of transaction details:

The Wharton School of the University of Pennsylvania has signed the lease for the entire building, thereby doubling its operational footprint in the Bay Area to support the expansion of its tech-focused academic programs, including a new MBA in artificial intelligence.

Players

Steven Roth

Vornado Realty Trust

Landlord

$7.7B

vol

46 deals

Landlord
Vornado Realty Trust
Vornado Realty TrustLandlord
Erika James

Erika James

The Wharton School

Tenant

1 deal

Tenant
The Wharton School
The Wharton SchoolTenant

San Francisco Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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