VISA Global HQ
An office property in San Francisco, California. Securitized in 2 CMBS deals between 2024 and 2025.
$446.0MAppraised value (latest deal)
97.5%Occupancy
$27.3MUnderwritten NOI
6.1%Implied cap rate
- Address
- 300 Toni Stone Xing, San Francisco, CA 94158
- Property type
- Office · CBD
- Year built
- 2023
- Size
- 320,658 SF
- Sponsor
- TSCE 2007 Holdings, L.L.C. and Giants Development Services
- Loan purpose
- Refinance
- Largest tenant
- VISA
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2024-BNK48 | 2024-10-01 | $446.0M | 97.5% | $27.3M | 6.1% | $85.0M | 50.0% | 2.19x | 424B |
| BANK 2025-BNK49 | 2025-03-17 | $446.0M | 97.5% | $27.3M | 6.1% | $55.0M | 50.0% | 2.19x | 424B |
More CMBS properties in California →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.