Updated Feb 9, 2026
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
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