Razmig Boladian And Ani Vartanian Acquire Office Building At 200 Pine Street For $13M
200 Pine Street
$13,000,000
$260/SF
Building Size
50,000 SF
Asset Type
Office
Closing
Jan 5, 2026
AI
Rubicon Point Partners has acquired an eight-story office building located at 200 Pine Street in San Francisco's Financial District. The transaction was valued at $13 million, and the property encompasses 50,000 square feet, resulting in a price per square foot of $260.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $13,000,000
- Buyer: Razmig Boladian & Ani Vartanian - Rubicon Point Partners
- Seller: M & E LLC
- Square Footage: 50,000
- Price Per Square Foot: $260
- Market: San Francisco
Razmig Boladian and Ani Vartanian are key figures in this transaction, representing Rubicon Point Partners, which is expanding its West Coast portfolio. The firm is focused on identifying high-quality, cash-flowing assets in response to the post-pandemic recovery of demand in the Battery Street corridor.
Players
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93