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667 Mission Street

Frank B. Holding Jr. Of First Citizens Bank Acquires Office Building In San Francisco For $90M
SOLDOffice

Frank B. Holding Jr. Of First Citizens Bank Acquires Office Building In San Francisco For $90M

667 Mission Street

$90,000,000

$562/SF

Building Size

160,000 SF

Asset Type

Office

Closing

Nov 19, 2025

AI

A 160,000-square-foot office building located at 667 Mission Street in San Francisco has been sold for $90 million, which translates to approximately $563 per square foot. This property adds to First Citizens Bank's portfolio in a competitive San Francisco office market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $90,000,000
  • Address: 667 Mission Street
  • Market: San Francisco
  • Square Footage: 160,000
  • Price Per Square Foot: $563
  • Buyer: Frank B. Holding Jr. - First Citizens Bank

Frank B. Holding Jr. represented First Citizens Bank in this acquisition, marking a significant expansion for the bank within the commercial real estate sector in San Francisco.

Players

FT
First Citizens Bank & TrustBuyer

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

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93