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285 Winston Drive San Franc...

Updated Oct 29, 2024

Round One Entertainment Leases 50,000 SF Retail Space At San Francisco's Stonestown Galleria
LEASEDRetail

Round One Entertainment Leases 50,000 SF Retail Space At San Francisco's Stonestown Galleria

285 Winston Drive San Francisco, CA 94132, USA

Building Size

50,000 SF

Asset Type

Retail

Closing

Sep 7, 2023

About this deal

AI

Japanese amusement center operator Round One Entertainment is leasing 50,000 square feet of the former Nordstrom store at San Francisco's Stonestown Galleria. This marks Round One Entertainment's first entry into the city. The company plans to invest approximately $4.5 million in the new location as part of the mall's redevelopment efforts.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Square Footage: 50,000
  • Address: 285 Winston Drive, San Francisco
  • Tenant: Round One Entertainment

The deal involves Round One Entertainment, a Japanese amusement center operator, securing a lease for 50,000 square feet of space at the former Nordstrom store in San Francisco's Stonestown Galleria. This marks the company's first venture into the city. As part of the mall's redevelopment efforts, Round One Entertainment plans to invest around $4.5 million in the new location.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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