facebook

traded

+ Submit
Home

/

Deals

/

California

/

Office

/

Sale

/

1800 Owens Street

Henry Kravis Acquires 750,000 SF Office Building In San Francisco For $1.08B
SOLDOffice

Henry Kravis Acquires 750,000 SF Office Building In San Francisco For $1.08B

1800 Owens Street

$1,080,000,000

$1,440/SF

Building Size

750,000 SF

Asset Type

Office

Closing

Mar 8, 2021

AI

An office property located at 1800 Owens St in San Francisco has been sold in a recent transaction. The property spans a total area of 750,000 square feet. The sale price for this transaction was $1,080,000,000, resulting in a price per square foot of $1,440.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $1,080,000,000
  • Address: 1800 Owens St, San Francisco
  • Market: San Francisco
  • Square Footage: 750,000

The buyer in this transaction is Henry Kravis, representing KKR. On the other hand, the seller is John Kilroy of Kilroy Realty.

Players

John Kilroy

Kilroy Realty Corp

Broker

$2B

vol

4 deals

Broker
Henry Kravis

Henry Kravis

KKR

Buyer

$2.3B

vol

9 deals

Buyer
John Kilroy

John Kilroy

Kilroy Realty

Seller

$2B

vol

4 deals

Seller
Goldman Sachs
Goldman SachsLender

San Francisco Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.01%

Cash-on-Cash

-0.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93