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391 San Antonio Road Mounta...

Coinbase Leases 40,000 SF Office Space In Silicon Valley's The Village At San Antonio Center
LEASEDOffice

Coinbase Leases 40,000 SF Office Space In Silicon Valley's The Village At San Antonio Center

391 San Antonio Road Mountain View, California 94040, USA

Building Size

40,000 SF

Asset Type

Office

Closing

Jul 17, 2023

AI

The Village at San Antonio Center in Mountain View, Silicon Valley has witnessed a new leasing transaction. Coinbase, the cryptocurrency exchange, has secured a lease for 40,000 square feet of office space at 391 San Antonio Road. The office space is located in The Village, a prominent commercial development in the area.

Summary of transation details

  • Property Type: Office
  • Square Footage: 40,000
  • Address: 391 San Antonio Road
  • Market: Mountain View

This leasing deal involves two key parties. The landlord, Brookfield Properties, has agreed to lease the office space to Coinbase. Brian Armstrong, the CEO of Coinbase, played a crucial role in finalizing this transaction. The lease agreement signifies Coinbase's decision to retain a physical office despite embracing remote work to some extent.

Players

Brookfield Properties
Brookfield PropertiesBrokerage

Brian Armstrong

Coinbase

Tenant

6 deals

Tenant

Mountain View 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