Updated Jul 17, 2025
Strada Investment Group Acquires 201 Spear Street Office Building In San Francisco For $70M
201 Spear Street
$70,000,000
$277/SF
Building Size
252,600 SF
Asset Type
Office
Closing
Nov 16, 2023
About this deal
AI
PGIM Real Estate Finance is selling a 252,600-square-foot office building located at 201 Spear Street in Downtown San Francisco for nearly $70 million. The property is being acquired by Strada Investment Group, amidst declining value and occupancy. WeWork and Google currently serve as tenants for the office building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $70,000,000
- Square Footage: 252,600
- Price per Square Foot: $277
- Address: 201 Spear Street, San Francisco
- Market: San Francisco
The buyer of the property is Strada Investment Group, represented by Michael Cohen and Jesse Blout. The seller is Prudential Financial, represented by Charles F. Lowrey. The transaction was facilitated by Eastdil Secured.
On the Map
$70,000,000
$277/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93