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
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