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760 Market Street

Updated Dec 4, 2024

JLL Renews Figma Lease At 760 Market Street In San Francisco
LEASEDOffice

JLL Renews Figma Lease At 760 Market Street In San Francisco

760 Market Street

Building Size

97,600 SF

Asset Type

Office

Closing

Apr 22, 2024

About this deal

AI

The office space at 760 Market Street in San Francisco, spanning 97,600 square feet, has been leased by Figma, a product design platform. The lease renewal reflects Figma's commitment to the city, aligning with their focus on creativity and collaboration, supporting their global expansion efforts.

Summary of transaction details:

JLL's announcement of Figma's lease renewal emphasizes the continued business strength of Figma and their dedication to the city of San Francisco. The thoughtfully designed office space at 760 Market Street supports Figma's recruitment and retention efforts for top talent as they expand globally.

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Players

Michael Brown

Newmark

Broker

$112.5M

vol

3 deals

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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

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