Updated Oct 29, 2024
Northwood Investors Acquires Office Building On Mission Street In SoMa For $300M
123 Mission Street, SoMa, San Francisco, CA, USA
$300,000,000
$43,649/SF
Building Size
6,873 SF
Asset Type
Office
Closing
May 29, 2018
About this deal
AI
Northwood Investors has acquired an office property located at 123 Mission Street in San Francisco's SoMa neighborhood for a staggering price of $300,000,000. The transaction took place on May 30, 2018, and involved renowned real estate professionals John Kukral and Daniel Chen. This property, boasting an impressive market value, is an excellent addition to Northwood Investors' portfolio.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $300,000,000
- Address: 123 Mission Street, San Francisco
- Market: SoMa
The sale was facilitated by Daniel Chen, representing HNA Group, the seller. On the buyer's side, John Kukral, acting on behalf of Northwood Investors, successfully closed the deal. This transaction highlights the expertise and reputation of both individuals in the real estate industry.
San Francisco Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93