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3700 California Street, San...

Prado Group Acquires Medical Facility In San Francisco From Sutter Health For $50M
SOLD

Prado Group Acquires Medical Facility In San Francisco From Sutter Health For $50M

3700 California Street, San Francisco, California 94118, United States

$50,000,000

Building Size

Asset Type

Closing

Dec 13, 2022

AI

The sale of a medical facility located at 3700 California Street in San Francisco has been completed. The property spans across approximately 5 acres.

Summary of transaction details

  • Property Type: Medical Facility
  • Transaction Amount: $50,000,000 (Approx)
  • Date: 12/13/2022
  • Market: San Francisco
  • Buyer: Prado Group - Dan Safier
  • Seller: Sutter Health
  • Brokers: Mike Taquino & Kyle Kovac - CBRE

The buyer in this transaction is the Prado Group, represented by Dan Safier. The seller is Sutter Health. The brokers involved in the deal are Mike Taquino and Kyle Kovac from CBRE.

Players

Michael Taquino

CBRE

Broker

$557.3M

vol

11 deals

Broker

Dan Safier

Prado Group

Buyer

$200M

vol

4 deals

Buyer
SH
Sutter HealthSeller

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

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93