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600 Montgomery Street, San ...

SHVO And Michael Shvo Acquire Office Building In San Francisco For $495M
FINANCEDOffice

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

Mike Tepedino, Bob Tonnessen, David Sitt, Peter Smyslowski, and Bercut Smith from JLL represented the parties involved in this transaction.

Players

Robert Tonnessen

JLL

Broker

$2.5B

vol

24 deals

Broker
Michael Shvo

Michael Shvo

SHVO

Landlord

$3.1B

vol

17 deals

Landlord

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