Pan-Med Enterprises Acquires $44.5M Medical Office In San Francisco
2100 Webster Street, San Francisco, California 94115, United States
$44,500,000
$337/SF
Building Size
132,000 SF
Asset Type
—
Closing
Sep 22, 2022
AI
A medical office located at 2100 Webster St in San Francisco was sold in a transaction on September 23, 2022. The property spans approximately 132,000 square feet and was purchased by Pan-Med Enterprises for a total price of $44,500,000. The price per square foot came out to $337.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $44,500,000
- Address: 2100 Webster St, San Francisco
- Market: San Francisco
- Buyer: Pan-Med Enterprises
- Brokers: Mike Taquino, Kyle Kovac, Alec Haley, and Giancarlo Sangiacomo - CBRE
- Mortgage Brokers: Mike Walker and Brad Zampa - CBRE
- Square Footage: 132,000
- Price per Square Foot: $337
The deal was facilitated by CBRE, with brokers Mike Taquino, Kyle Kovac, Alec Haley, and Giancarlo Sangiacomo representing the buyer, Pan-Med Enterprises. The mortgage was arranged by CBRE's Mike Walker and Brad Zampa.
Players
San Francisco CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93