Updated Jun 17, 2026
Jennifer Morgan Of Ultimate Kronos Group Renews 23,000-SF Office Lease At 55 2nd Street
55 2nd Street
Building Size
23,000 SF
Asset Type
Office
Closing
Jun 12, 2026
About this deal
AI
The property involved in this transaction is an office space located at 55 2nd Street, San Francisco, CA. The asset has a total square footage of 23,000, situated in a prominent market area within the Financial District. The property is significant for housing its tenant, which is a key player in the HR and workforce management sector.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 55 2nd Street
- Market: San Francisco, CA
- Square Footage: 23,000
- Tenant: Jennifer Morgan - Ultimate Kronos Group, Inc. (UKG)
- Lease Renewal Date: 06/12/2026
Jennifer Morgan represents Ultimate Kronos Group, Inc. (UKG) in this lease renewal transaction, which ensures that the company remains established in a vital downtown San Francisco location. This decision comes amid the ongoing stabilization of the office market as organizations reassess their real estate needs.
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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