Updated Mar 5, 2026
Rick Wurster Of Charles Schwab Corp Signs Lease For 115000 Sq Ft Office At 425 Market Street
425 Market Street
Building Size
115,000 SF
Asset Type
Office
Closing
Feb 27, 2026
About this deal
AI
The asset involved in this transaction is an office space located at 425 Market Street in San Francisco, with a leased area of about 115,000 square feet spread across four floors.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 425 Market Street
- Market: San Francisco
- Tenant: Rick Wurster - Charles Schwab Corp
Rick Wurster represents Charles Schwab Corp in this lease agreement, which allows the company to maintain its San Francisco presence. The deal was facilitated by Morrison Foerster vacating their space for 101 California Street, enabling a phased tenant move-in for Charles Schwab Corp.
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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