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1045 Sansome Street

Updated Oct 13, 2026

Bridges Capital Acquires 84,000 SF Office Building From Lincoln Property Co And Goldman Sachs For $28M
SOLDOffice

Bridges Capital Acquires 84,000 SF Office Building From Lincoln Property Co And Goldman Sachs For $28M

1045 Sansome Street

$28,000,000

$333/SF

Building Size

84,000 SF

Asset Type

Office

Closing

May 15, 2025

About this deal

AI

The Abbott Building located at 1045 Sansome Street in San Francisco is an office asset that was sold for $28 million. The building has a total square footage of 84,000, with a price per square foot of $333. The transaction highlights the challenges faced in the San Francisco office market, with vacancy rates rising significantly post-pandemic.

Summary of transaction details:

Brandon Boze represented Bridges Capital in the acquisition, while Clay Duvall and Brandon Wang acted on behalf of Lincoln Property Co. David Solomon represented Goldman Sachs in the sale. The brokerage expertise for this transaction was provided by Kyle Kovac and Mike Taquino from CBRE.

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$28,000,000

$333/SF

Office

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Players

Michael Taquino

CBRE

Broker

$557.3M

vol

11 deals

Broker

Brandon Boze

Bridges Capital

Buyer
Buyer

Brandon Wang

Lincoln Property Company

Seller

$48M

vol

2 deals

Seller
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San Francisco Office Market Snapshot

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Deal FAQ

About $333 per square foot on a published $28M for 84,000 square feet (2025).

Visit Michael "Mike" Taquino to view all their deals.

Browse San Francisco office sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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