Patrick Flanagan & Darla Flanagan Acquire Medical Office In Corte Madera For $8.6M With Five Star Bank Loan

The property asset involved in this transaction is a medical office located at 100 Tamal Vista Boulevard in Corte Madera. It features a total square footage of 23,656 and was sold for a price of $8,600,000, resulting in a price per square foot of $364.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $8,600,000
• Address: 100 Tamal Vista Boulevard
• Market: Corte Madera
• Buyer: Patrick Flanagan & Darla Flanagan - MKD Partners
• Lender: Five Star Bank
• Sale Price: $8,600,000
• Square Footage: 23,656
• Price per Square Foot: $364

Richmond-based MKD Partners, represented by Patrick Flanagan and Darla Flanagan, acquired the property after securing financing from Five Star Bank. The property was obtained at a price significantly lower than its original asking price of $8.6 million.