Jonathan Nachmani Of Madison Capital Acquires Office Tower At 45 Fremont Street For $238M
45 Fremont Street
$238,000,000
$400/SF
Building Size
594,000 SF
Asset Type
Office
Closing
Apr 9, 2026
AI
The property asset involved in this transaction is a 34-story office tower located at 45 Fremont Street in San Francisco. It features a total square footage of 594,000 and has a sale price of $238 million, translating to approximately $401 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $238,000,000
- Square Footage: 594,000
- Price Per Square Foot: $401
- Buyer: Jonathan Nachmani - Madison Capital
- Date of Sale: 04/09/2026
- Market: San Francisco
This acquisition marks the completion of Madison Capital's debt acquisition strategy that was reported in late 2025. The addition of this asset enhances Madison Capital's portfolio, positioning it adjacent to Salesforce Tower in a prime location within the South Financial District.
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