Gantry Secures $8.2M Loan For Office Building In San Francisco's Jackson Square Historic District
499 Jackson Street San Francisco, California 94111, Usa
$8,200,000
$455/SF
Building Size
18,000 SF
Asset Type
Office
Closing
Jun 16, 2023
AI
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
Willimantic 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93