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350 Mission Street

Updated Dec 4, 2024

Neal Hansch Leases 17,894 SF Office Space At 350 Mission St., San Francisco
LEASEDOffice

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

Will Scovill

Cresa

Broker

1 deal

Broker

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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

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