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Gantry Secures $8.2M Loan For Office Building In San Francisco's Jackson Square Historic District

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FINANCED
$8,200,000

California

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Office18,000 SF
Financed 06/16/2023
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FINANCED

Gantry Secures $8.2M Loan For Office Building In San Francisco's Jackson Square Historic District

499 Jackson Street San Francisco, California 94111, Usa

See Similar Deals
Office18,000 SF
Financed 06/16/2023
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$455
Total Square Footage:18,000 SF
Transaction Type:Loan

A five-story office building located at 499 Jackson Street in San Francisco's Jackson Square Historic District has secured $8.2 million in permanent financing. The property encompasses a total area of 18,000 square feet and features street-level retail space occupied by Postscript, as well as being anchored by Artis Ventures, a local venture capital firm.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $8,200,000
  • Address: 499 Jackson Street
  • Market: San Francisco
  • Asset Size: 18,000 square feet

The financing was secured by Gantry, represented by brokers Tom Dao, Erinn Cooke, and Nan Carlevarini. The loan, amounting to $8.2 million, is a refinancing arrangement. It has a 30-year amortizing term with a fixed interest rate and the potential for future additional funding.

Please note that the provided information does not include any additional details.

Players

Tom Dao
9 deals$230.5M volume(415) 956-9858
BROKER

Erinn Cooke
Gantry
15 deals$333.5M volume(415) 956-9856
BROKER

Nanette (Nan) Carlevarini
Gantry
1 deal$8.2M volume(716) 313-2425
BROKER

Details

FINANCED
IMAGE: Tom Dao & Erinn Cooke DATE: 06/16/2023 ADDRESS: 499 Jackson Street MARKET: San Francisco ASSET TYPE: Office ~ SF: 18,000 BROKERS: Tom Dao, Erinn Cooke & Nan Carlevarini - Gantry LOAN AMOUNT: $8,200,000 LOAN TYPE: Refinance LOAN TERMS: 30-year amortizing, fixed-rate loan with potential for future additional funding NOTE: Gantry has secured $8.2 million in permanent financing for a five-story office building in San Francisco's Jackson Square Historic District. The building includes street-level retail occupied by Postscript and is anchored by Artis Ventures, a local venture capital firm.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,200,000.00

Monthly NOI$54,666.67
Monthly Debt Service$51,829.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00