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Alon Bar Of Yoda Plc Acquires Transamerica Pyramid Center In San Francisco For $691.6M

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SOLD
$691,600,000

California

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Office750,000 SF
Sold 03/31/2026
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SOLD

Alon Bar Of Yoda Plc Acquires Transamerica Pyramid Center In San Francisco For $691.6M

600 Montgomery Street

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Office750,000 SF
Sold 03/31/2026
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$922
Total Square Footage:750,000 SF
Transaction Type:Sale

The office asset located at 600 Montgomery Street in San Francisco has a sale price of $691,600,000. The property encompasses a total square footage of 750,000 with a price per square foot of approximately $922. Notably, the landmark 48-story tower within this complex was acquired at a price of $1,170 per square foot, marking a significant transaction in the San Francisco market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $691,600,000
  • Buyer: Alon Bar - Yoda Plc
  • Seller: Michael Shvo - SHVO; Deutsche Finance America
  • Square Footage: 750,000
  • Price Per Square Foot: $922
  • Sale Price for the Tower: $1,170/SF

This acquisition positions Yoda Plc as the new owner of the iconic Financial District complex, which is anchored by multiple tenants. The transaction represents the largest office trade in San Francisco since 2021 and was facilitated by the collaboration between Alon Bar representing Yoda Plc and Michael Shvo alongside Deutsche Finance America as sellers.

Players

AB
2 deals$691.6M volume
BUYER


SELLER

Details

SOLD
IMAGE: Alon Bar & Michael Shvo DATE: 03/31/2026 ADDRESS: 600 Montgomery Street MARKET: San Francisco ASSET TYPE: Office BUYER: Alon Bar - Yoda Plc SELLER: Michael Shvo (@MichaelShvo) - SHVO (@SHVO); Deutsche Finance America (@Deutsche_Finance_Group) SALE PRICE: $691,600,000 SF: 750,000 ~ PPSF: $922 NOTE: Yoda Plc closed its $691.6M acquisition of the 750,000 SF Transamerica Pyramid Center, paying roughly $922/SF overall and $1,170/SF for the landmark 48-story tower.The deal marks San Francisco’s largest office trade since 2021 and positions Yoda Plc as the new owner of the iconic Financial District complex anchored by multiple tenants.

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,457,108.72
Cash-on-Cash Return-1.27%
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