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Stuart Shiff Of DivcoWest Acquires 50% Stake In 101 California Street For $450 Million
SOLD
$450,000,000
California
See Similar DealsOffice
Sold 01/16/2026
SOLD
Stuart Shiff Of DivcoWest Acquires 50% Stake In 101 California Street For $450 Million
101 California Street
See Similar DealsOffice
Sold 01/16/2026
Summary
CALIFORNIA
Asset Type:Office
Transaction Type:Sale
101 California Street is a 1.26 million-square-foot office asset located in the San Francisco Financial District. The property is under contract for a transaction price of $450,000,000, valuing the asset at approximately $975 million.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $450,000,000
- Address: 101 California Street
- Market: San Francisco
- Buyer: Stuart Shiff
- Buyer's Company: DivcoWest
Stuart Shiff, representing DivcoWest, is acquiring just under a 50% stake in the property. This transaction reflects strong demand for high-quality assets in the market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$24,000,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,598,754.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,133,229.58
Annual Debt Service$25,598,754.95
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