Wells Fargo Provides $973M Loan For Office Building At 500 Washington Street In Hudson Square
500 Washington St, San Francisco, CA 94111, USA
$973,000,000
$74/SF
Building Size
13,000,000 SF
Asset Type
Office
Closing
Feb 26, 2020
AI
The recently closed property transaction took place at 500 Washington Street in Hudson Square. This office building, owned by Oxford Properties and represented by Dean Shapiro, has a total area of 1,300,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $973,000,000
- Address: 500 Washington Street
- Market: Hudson Square
The deal was facilitated by Wells Fargo, who provided a loan amount of $973,000,000 to support the transaction. Furthermore, CBRE brokers James Millon, Tom Traynor, and P.J. Finley played a pivotal role in the negotiation and representation of the parties involved.
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
0.02%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93