facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Office

/

Lease

/

500 Howard Street San Franc...

Anthropic Leases Former Slack Headquarters In San Francisco With Salesforce's Backing
LEASEDOffice

Anthropic Leases Former Slack Headquarters In San Francisco With Salesforce's Backing

500 Howard Street San Francisco, California 94105, USA

Building Size

230,000 SF

Asset Type

Office

Closing

Sep 1, 2023

AI

Anthropic, an ethical AI company, has leased the former Slack headquarters located at 500 Howard Street in San Francisco. The office space spans 230,000 square feet, making it a significant addition to the city's office market. This lease transaction is backed by Salesforce, with Marc Benioff, the founder of Salesforce, serving as the landlord.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 500 Howard Street
  • Market: San Francisco
  • Asset Type: SF - 230,000
  • Landlord: Salesforce - Marc Benioff
  • Tenant: Anthropic

This lease agreement signifies the growing presence of ethical AI firms in San Francisco's office market. Anthropic, as an AI company, has chosen to establish its operations in the former Slack headquarters, showcasing the demand for office spaces that cater to the needs of AI-focused companies.

Players

Marc Benioff

Salesforce

Landlord

5 deals

Landlord
Anthropic
AnthropicTenant

Green Bay Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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