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500 Washington St, San Fran...

Updated Dec 4, 2024

Wells Fargo Provides $973M Loan For Office Building At 500 Washington Street In Hudson Square
FINANCEDOffice

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

About this deal

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.

On the Map

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$973,000,000

$74/SF

Office

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Players

P.J. Finley

CBRE

Broker

$4.3B

vol

9 deals

Broker
Oxford Properties Group
Oxford Properties GroupBrokerage
Wells Fargo
Wells FargoLender
Dean Shapiro

Dean Shapiro

Oxford Properties Group

Landlord

$973M

vol

2 deals

Landlord
Bilt advertisement

San Francisco Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $74 per square foot on a published $973M for 13,000,000 square feet (2020).

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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

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