Updated Nov 13, 2026
Andrew Schlossberg Of Invesco Acquires Medical Office In Redwood City For $62.19M
1400 Veterans Boulevard
$62,190,000
$995/SF
Building Size
62,502 SF
Asset Type
Medical Office
Closing
Nov 11, 2026
About this deal
AI
The property asset involved in this transaction is a medical office located at 1400 Veterans Boulevard in Redwood City, CA. The sale price was $62,190,000, which translates to approximately $995 per square foot for the 62,502-square-foot building. This sale is ranked among the highest office prices per square foot in the Bay Area for the third quarter.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $62,190,000
- Square Footage: 62,502
- Price Per Square Foot: $995
- Buyer: Andrew Schlossberg - Invesco
- Market: Redwood City, CA
This transaction was facilitated by Andrew Schlossberg, representing Invesco, showcasing their strategic investment in the medical office property sector. The acquisition contributes to Invesco's portfolio, highlighting their focus on high-value real estate opportunities.
On the Map
$62,190,000
$995/SF
Medical Office
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Redwood City Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93