Updated Oct 23, 2025
SKS Partners Secures $20.9 Million Loan For Medical Office At 3838 California Street In San Francisco
3838 California Street
$20,900,000
$247/SF
Building Size
84,500 SF
Asset Type
Medical Office
Closing
Oct 21, 2025
About this deal
AI
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.
On the Map
$20,900,000
$247/SF
Medical Office
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San Francisco Medical Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93