Updated Apr 2, 2025
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
About this deal
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.
On the Map
$45,000,000
$309/SF
Office
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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