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77 Beale Street, San Franci...

Updated Nov 28, 2024

Bilt advertisement
Hines Acquires Office Buildings In San Francisco From PG&E Corporation For $800M
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

About this deal

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.

The office sale at 77 Beale Street, San Francisco, CA, USA in San Francisco, California sold for $800M in 2021. 77 Beale Street, San Francisco, CA, USA is classified as Office on Traded. Hines appears on the sale alongside Hines. This page is the San Francisco, California file for the 77 Beale Street, San Francisco, CA, USA office sold: pricing, party profiles, and other closed office comps from the same San Francisco sit in the Market section below. Filter that San Francisco office set by closing date to see what else sold near 77 Beale Street, San Francisco, CA, USA around 2021. Published consideration for 77 Beale Street, San Francisco, CA, USA is $800M, dated 2021. Cite this Hines Acquires Office Buildings In San Francisco From PG&E Corporation For $800M sale when underwriting similar office product around San Francisco, California.

Players

Hines
HinesBuyer

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

0.02%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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