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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 505 Howard Street
- Market: San Francisco
- Landlord: Stanley Iezman - American Realty Advisors
- Tenant: Sasan Goodarzi - Intuit
- Landlord's Rep: Bob Kraynak & Conor Famulener - CBRE
- Tenant's Rep: Bart Lammersen, Chris Holland & Paul Bryant - JLL
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
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