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505 Howard Street

Intuit Leases 36,500 SF Office Space At 505 Howard St, San Francisco
LEASEDOffice

Intuit Leases 36,500 SF Office Space At 505 Howard St, San Francisco

505 Howard Street

Building Size

36,500 SF

Asset Type

Office

Closing

May 31, 2024

AI

The office asset located at 505 Howard Street in San Francisco spans approximately 36,500 square feet. The lease transaction dated May 31, 2024, involves the landlord Stanley Iezman from American Realty Advisors and the tenant Sasan Goodarzi from Intuit.

Summary of transaction details:

Intuit, the fintech company, will be moving to the new office location at 505 Howard Street in January 2025. This change aims to enhance the company's workplace strategy by attracting and retaining top talent, marking its departure from its current offices at 22 4th St.

Players

Bart Lammersen

JLL

Broker

$104M

vol

3 deals

Broker

San Francisco 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