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Pan-Med Enterprises Acquires $44.5M Medical Office In San Francisco

Property Image
SOLD
$44,500,000
Giancarlo Sangiacomo
Alec Haley
Michael "Mike" Taquino
+ 3

California

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132,000 SF
Sold 09/23/2022
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Property Image
SOLD

Pan-Med Enterprises Acquires $44.5M Medical Office In San Francisco

2100 Webster Street, San Francisco, California 94115, United States

See Similar Deals
132,000 SF
Sold 09/23/2022
Giancarlo Sangiacomo
Alec Haley
Michael "Mike" Taquino
+ 3
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Price Per Square Foot:$337
Total Square Footage:132,000 SF
Transaction Type:Sale

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

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

Bradford "Brad" Zampa
CBRE
Bradford Zampa
20 deals$2.1B volume
BROKER
Michael "Mike" Walker
CBRE
Michael Walker
19 deals$2.1B volume
BROKER
Michael "Mike" Taquino
CBRE
Michael Taquino
11 deals$557.3M volume
BROKER
Kyle Kovac
CBRE
Kyle Kovac
10 deals$903.8M volume
BROKER
Giancarlo Sangiacomo
CBRE
Giancarlo Sangiacomo
5 deals$230.1M volume
BROKER
Alec Haley
CBRE
Alec Haley
4 deals$173.5M volume
BROKER

Details

SOLD
IMAGE: Alec Haley, Giancarlo Sangiacomo, Mike Taquino & Kyle Kovac DATE: 09/23/2022 ADDRESS: 2100 Webster St MARKET: San Francisco ASSET TYPE: Medical Office BUYER: Pan-Med Enterprises BROKERS: Mike Taquino, Kyle Kovac (@KyleKovac), Alec Haley (@AaHaley) & Giancarlo Sangiacomo - CBRE (@CBRE) MORTGAGE BROKERS: Mike Walker (@ShowmetheKeys) & Brad Zampa - CBRE SALE PRICE: $44,500,000 SF: 132,000 ~ PPSF: $337

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,373,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$158,099.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$210,952.70
Annual Debt Service$2,531,432.43