Ravi Mhatre Of Lightspeed Venture Partners Leases 43,284 Square Feet Office In San Francisco
149 New Montgomery Street
Building Size
43,284 SF
Asset Type
Office
Closing
May 7, 2026
About this deal
AI
The property asset involved is an office space located at 149 New Montgomery Street in San Francisco, CA. It encompasses a total area of 43,284 square feet and is associated with the growing interest in the AI sector. The office market in San Francisco serves as a central hub for various tech ventures and startups.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Terms: 12-year
- Tenant: Ravi Mhatre - Lightspeed Venture Partners
- Previous Location: Menlo Park
- New Location: San Francisco
Ravi Mhatre represents Lightspeed Venture Partners in this transaction, which underscores a strategic shift to be nearer to significant AI investments such as Anthropic. The firm's relocation reflects its commitment to maintaining a robust presence in the San Francisco area while continuing operations related to Sand Hill Road.
Players
Christiansburg Office Market Snapshot
Boundary boundary · Office · Lease transactions
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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