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