Columbia Property Trust Acquires Office Building In Financial District For $239M
201 California Street, Financial District, San Francisco, CA, USA
$239,000,000
$878/SF
Building Size
272,000 SF
Asset Type
Office
Closing
Dec 3, 2019
AI
The property involved in this closed sale is an office space located at 201 California Street in the Financial District. The transaction took place on 12/04/2019.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $239,000,000
- Square Footage: 272,000
- Price per Square Foot: $878
- Address: 201 California Street
- Market: Financial District
The seller of this property was Beacon Capital Partners, while the buyer was Columbia Property Trust represented by E. Nelson Mills. The deal was facilitated by Eastdil, with Jeff Weber and Stephen Van Dusen acting as the brokers representing Columbia Property Trust.
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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93