Updated Sep 15, 2026
PwC Renews 200,000 Square Foot Lease At 405 Howard Street In San Francisco Through 2040
405 Howard Street
Building Size
200,000 SF
Asset Type
Office
Closing
Sep 14, 2026
About this deal
AI
The property asset involved in this transaction is located at 405 Howard Street, San Francisco, CA. It is an office space comprising 200,000 square feet. The asset is owned by Nuveen Real Estate and Norges Bank, with a focus on premium office space in a market currently experiencing a 30% overall vacancy rate.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 405 Howard Street, San Francisco, CA
- Landlord: Nuveen Real Estate & Norges Bank
- Tenant: Christine del Rosario - PwC
- Lease Term: Extended through 2040
- Initial Lease Renewal Duration: Eight years early
This deal features Christine del Rosario representing PwC as the tenant who reaffirmed the firm's commitment to San Francisco. The renewal reflects the rising demand for office space in the city’s growing AI corridor.
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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