Updated Oct 29, 2024
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
About this deal
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.
On the Map
Office
View full map
Players
Green Bay Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse Green Bay office leases on Traded.
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