DivcoWest Acquires Mission Bay Office Building From Gap For $356M
550 Terry a. François Boulevard, San Francisco, California 94158, United States
$356,000,000
$1,130/SF
Building Size
315,000 SF
Asset Type
Office
Closing
May 3, 2022
AI
The office property located at 550 Terry A. Francois Blvd. in Mission Bay has been sold. The transaction was finalized on 05/04/2022, with the buyer being DivcoWest, represented by Stuart Shiff. The seller in this deal was Gap.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $356,000,000
- Square Footage: 315,000
- Price Per Square Foot: $1,130
- Address: 550 Terry A. Francois Blvd.
- Market: Mission Bay
Stuart Shiff of DivcoWest represented the buyer in this transaction. The sale price of the office property was $356,000,000, with a total square footage of 315,000. The price per square foot was $1,130. The property is located at 550 Terry A. Francois Blvd. in Mission Bay.
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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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93