facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Office

/

Sale

/

500 Washington Street

Glenn Gilmore And Jesse Feldman Acquire Public Policy Institute Headquarters For $32.7M In San Francisco
SOLDOffice

Glenn Gilmore And Jesse Feldman Acquire Public Policy Institute Headquarters For $32.7M In San Francisco

500 Washington Street

$32,700,000

$283/SF

Building Size

115,568 SF

Asset Type

Office

Closing

Dec 11, 2024

AI

The asset involved in this transaction is an office property located at 500 Washington Street in San Francisco. The property encompasses 115,568 square feet and was sold for a total price of $32,700,000, equating to a price per square foot of $283.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $32,700,000
  • Address: 500 Washington Street
  • Market: San Francisco
  • Buyer: Glenn Gilmore & Jesse Feldman - Brick & Timber Collective
  • Seller: Public Policy Institute of California
  • Broker: Robert Gilley - Colliers
  • Square Footage: 115,568
  • Price Per Square Foot: $283

Glenn Gilmore and Jesse Feldman, representing Brick & Timber Collective, have acquired the headquarters of the Public Policy Institute of California, demonstrating the firm's strategy to invest significantly in office properties within San Francisco amid favorable market conditions. Robert Gilley from Colliers facilitated the transaction.

Players

Robert Gilley

Colliers

Broker

$184.4M

vol

5 deals

Broker

San Francisco Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93