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650 Townsend Street

ScaleAI Subleases Office Space In San Francisco's 650 Townsend St. With CBRE
LEASEDOffice

ScaleAI Subleases Office Space In San Francisco's 650 Townsend St. With CBRE

650 Townsend Street

Building Size

180,000 SF

Asset Type

Office

Closing

May 30, 2024

AI

The office space at 650 Townsend Street in San Francisco, spanning 170,000 to 180,000 square feet, offers a range of amenities including a fitness center, conference rooms, and a convenience store. Previously occupied by Airbnb, the property was renovated in 2020, making it a desirable workspace.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 650 Townsend Street
  • Market: San Francisco
  • Landlord: Fred Seigel - Beacon Capital Partners
  • Tenant: Alexandr Wang - ScaleAI
  • Broker: CBRE
  • Lease Term: 7.5 years

CBRE facilitated the 7.5-year sublease deal at 650 Townsend Street, San Francisco, between Beacon Capital Partners and ScaleAI. Alexandr Wang, representing ScaleAI, secured the office space with amenities that cater to a modern working environment, thanks to the negotiation led by CBRE.

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