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85 2nd Street

Updated Feb 9, 2026

Eoghan McCabe Of Intercom Leases 45,000 SF Office Space At 85 2nd Street In San Francisco
LEASEDOffice

Eoghan McCabe Of Intercom Leases 45,000 SF Office Space At 85 2nd Street In San Francisco

85 2nd Street

Building Size

45,000 SF

Asset Type

Office

Closing

Jan 30, 2026

About this deal

AI

The property involved in this transaction is an office space located at 85 2nd Street in San Francisco. The asset encompasses 45,000 square feet and is situated within the Financial District. This leasing transaction involved Intercom, a company that moved from a nearby 40,000-square-foot space at 55 2nd Street, prompted by a missed lease renewal timeline from Paramount Group.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Square Footage: 45,000 SF
  • Address: 85 2nd Street
  • Market: San Francisco
  • Tenant: Eoghan McCabe - Intercom

The deal includes Eoghan McCabe representing Intercom as the tenant in this lease agreement. The transaction reflects a trend where AI companies are influencing the office market in San Francisco by driving demand and reducing vacancy rates in key submarkets.

Players

Eoghan McCabe

Intercom

Tenant

2 deals

Tenant

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

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