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

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SOLD
$8,600,000

California

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Medical Office23,656 SF
Sold 02/23/2026
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Property Image
SOLD

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

100 Tamal Vista Boulevard

See Similar Deals
Medical Office23,656 SF
Sold 02/23/2026
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Summary

CALIFORNIA
Asset Type:Medical Office
Price Per Square Foot:$363
Total Square Footage:23,656 SF
Transaction Type:Sale

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.

Players

Patrick Flanagan
1 deal$8.6M volume
BUYER

Darla Flanagan
MKD Partners
1 deal$8.6M volume
BUYER

Five Star Bank
LENDER

Details

SOLD
IMAGE: Patrick Flanagan & Darla Flanagan DATE: 02/23/2026 ADDRESS: 100 Tamal Vista Boulevard MARKET: Corte Madera ASSET TYPE: Medical Office BUYER: Patrick Flanagan & Darla Flanagan - MKD Partners LENDER: Five Star Bank SALE PRICE: $8,600,000 SF: 23,656 ~ PPSF: $364 NOTE: Richmond-based MKD Partners acquired 100 Tamal Plaza, a 23,656-square-foot Class B, medical-office-heavy building at 100 Tamal Vista Blvd in Corte Madera, for $6.8M — a steep discount from its $8.6M asking price.The buyer secured acquisition financing from Five Star Bank for the Marin County asset.

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

$458,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,553.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,768.39
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