Patrick Hubbard & Robert Dumas Of Sansome Street Advisors Acquire 799 Market Street Office For $45M
799 Market Street
$45,000,000
$309/SF
Building Size
145,400 SF
Asset Type
Office
Closing
Mar 31, 2025
AI
The property located at 799 Market Street in San Francisco is an office asset priced at $45,000,000. It encompasses 145,400 square feet, with a price per square foot of $309. The asset is currently under contract.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $45,000,000
- Buyer: Patrick Hubbard & Robert Dumas - Sansome Street Advisors
- Seller: Robert Bellinger - ASB Real Estate Investments
- Broker: Eastdil Secured
- Market: San Francisco
- Price per Square Foot: $309
- Square Footage: 145,400
Patrick Hubbard and Robert Dumas are representing Sansome Street Advisors in this transaction, while Robert Bellinger represents ASB Real Estate Investments. The deal comes amidst a challenging landscape for San Francisco's downtown office market, characterized by high vacancy rates and declining sales prices.
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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93