SOLDOffice
Hines Acquires Office Buildings In San Francisco From PG&E Corporation For $800M
77 Beale Street, San Francisco, CA, USA
$800,000,000
Building Size
—
Asset Type
Office
Closing
Sep 1, 2021
AI
The property asset involved in this transaction is an office located at 77 Beale Street & 245 Market Street in San Francisco. The sale took place on 09/01/2021.
Summary of transaction details:
- Property Type: Office
- Sale Price: $800,000,000
- Address: 77 Beale Street & 245 Market Street
- Market: San Francisco
The buyer in this transaction was Hines, while the seller was PG&E Corporation (Pacific Gas & Electric Company) represented by Patti Poppe.
Players
HinesBuyer
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
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93