FINANCEDOffice
Henry Kravis Acquires Office Building In San Francisco With $600M Loan
1800 Owens Street
$600,000,000
$800/SF
Building Size
750,000 SF
Asset Type
Office
Closing
Mar 30, 2021
AI
Summary of transation details
- Property Type: Office
- Transaction Amount: $600,000,000
- Address: 1800 Owens St.
- Market: San Francisco
- Square Footage: 750,000
Henry Kravis of KKR acted as the landlord in this transaction. The loan was provided by Goldman Sachs and JPMorgan Chase. The key individuals involved in the deal include Henry Kravis representing KKR. The date of the transaction was on March 30, 2021.
Players
San Francisco Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93