Columbia Property Trust And Allianz Real Estate Acquire Office Building On Main Street In San Francisco For $180M
221 Main St, San Francisco, CA 94105, USA
$180,000,000
$472/SF
Building Size
381,000 SF
Asset Type
Office
Closing
Oct 11, 2020
About this deal
AI
The office building located at 221 Main Street in San Francisco has been sold in a closed transaction. The buyer, Columbia Property Trust represented by Nelson Mills, partnered with Allianz Real Estate represented by Christoph Donner. The property was sold for a total price of $180,000,000. The building has a total square footage of 381,000, resulting in a price per square foot of $472.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $180,000,000
- Address: 221 Main Street, San Francisco
- Square Footage: 381,000
- Buyer: Columbia Property Trust - Nelson Mills
- Allianz Real Estate - Christoph Donner
Nelson Mills, representing Columbia Property Trust, and Christoph Donner, representing Allianz Real Estate, played crucial roles in this transaction. Their expertise and negotiation skills helped facilitate the successful sale of the office building.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93