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

Property Image
SOLD
$1,080,000,000
John Kilroy
Henry Kravis

California

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Office750,000 SF
Sold 03/08/2021
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Property Image
SOLD

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

1800 Owens Street

See Similar Deals
Office750,000 SF
Sold 03/08/2021
John Kilroy
Henry Kravis
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$1,440
Total Square Footage:750,000 SF
Transaction Type:Sale

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
John Kilroy
4 deals$2B volume
BROKER
Henry Kravis
KKR
Henry Kravis
9 deals$2.3B volume
BUYER
John Kilroy
John Kilroy
4 deals$2B volume
SELLER
Goldman Sachs
Goldman Sachs
LENDER
J.P. Morgan Chase
J.P. Morgan Chase
LENDER

Details

SOLD
IMAGE: Henry Kravis, Tyler H. Rose, John Kilroy, A. Robert Paratte, & Heidi R. Roth DATE: 03/08/2021 ADDRESS: 1800 Owens St MARKET: San Francisco ASSET TYPE: Office BUYER: Henry Kravis - KKR SELLER: John Kilroy - Kilroy Realty SALE PRICE: $1,080,000,000 SF: 750,000 ~ PPSF: $1,440

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$57,600,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,837,011.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,119,750.99
Annual Debt Service$61,437,011.88