Updated Dec 4, 2024
Neal Hansch Leases 17,894 SF Office Space At 350 Mission St., San Francisco
350 Mission Street
Building Size
17,894 SF
Asset Type
Office
Closing
Jun 11, 2024
About this deal
AI
The office space located at 350 Mission Street in San Francisco spans a total of 17,894 square feet. The lease for this property was finalized on 06/11/2024, with Marc Benioff from Salesforce acting as the landlord and Neal Hansch from Silicon Foundry as the tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Marc Benioff - Salesforce
- Tenant: Neal Hansch - Silicon Foundry
- Landlord's Representative: Cushman & Wakefield
- Tenant's Representative: Brandon Leitner & Will Scovill - Cresa
Silicon Foundry, a Kearney Company, made the decision to lease the 17,894 square feet of office space at 350 Mission Street, marking a move from their previous location at 505 Howard Street. In the deal, Cresa represented Silicon Foundry as the tenant, while Cushman & Wakefield acted as the representative for the sublandlord, Salesforce, in this transaction conducted in San Francisco's South Financial District.
Players
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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