SKS Partners Secures $20.9 Million Loan For Medical Office At 3838 California Street In San Francisco

SKS Partners refinanced its medical office building located at 3838 California Street in San Francisco, which spans 84,500 square feet. The property is anchored by Sutter Health and contains various medical tenants, reflecting its significance in the healthcare sector.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $20,900,000
• Loan Terms: three-year fixed-rate
• Landlord: Paul Stein & Dan Kingsley - SKS Partners
• Broker: Northmarq
• Date: 10/21/2025

Northmarq played a key role in arranging the financing for this refinancing transaction, securing a $20.9 million loan from a life insurance company specifically for the property. This deal highlights the collaboration between SKS Partners and Northmarq in facilitating financial arrangements within the medical office market.