SHVO And Michael Shvo Acquire Office Building In San Francisco For $495M
600 Montgomery Street, San Francisco, CA, USA
$495,000,000
$660/SF
Building Size
750,000 SF
Asset Type
Office
Closing
Oct 28, 2020
AI
The property involved in this transaction is an office located at 600 Montgomery Street in San Francisco. The loan amount for this transaction is $495,000,000, and the property spans over 750,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $495,000,000
- Address: 600 Montgomery Street
- Market: San Francisco
- Landlord: @SHVO @MichaelShvo
- Broker: Mike Tepedino, Bob Tonnessen, David Sitt, Peter Smyslowski & Bercut Smith @JLL
Mike Tepedino, Bob Tonnessen, David Sitt, Peter Smyslowski, and Bercut Smith from JLL represented the parties involved in this transaction.
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