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
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