Updated Oct 29, 2024
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.
Players
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Deal FAQ
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