Jesse Blout & Michael Cohen Of Strada Investment Group Acquire Office Asset For $103M In San Francisco

The property involved in the transaction is an office asset located at 1 De Haro Street, San Francisco, CA. The asset is 133,427 square feet and was sold for $103,000,000, amounting to a price per square foot of $772. The property is a fully leased headquarters of Samsara and is developed by SKS Partners.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $103,000,000
• Address: 1 De Haro Street
• Market: San Francisco, CA
• Square Footage: 133,427
• Price per Square Foot: $772
• Buyer: Jesse Blout & Michael Cohen - Strada Investment Group
• Seller: SKS Partners
• Broker: Eastdil Secured

The deal was notably characterized by the involvement of institutional pension fund capital in the acquisition. This transaction signifies one of the few stabilized office trades in San Francisco following the pandemic period, with marketing handled by Eastdil Secured.