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DivcoWest Refinances Office Building On Shoreline Court In South San Francisco For $124M

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FINANCED
$124,000,000

California

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Office138,400 SF
Financed 04/05/2022
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Property Image
FINANCED

DivcoWest Refinances Office Building On Shoreline Court In South San Francisco For $124M

5000 Shoreline Court

See Similar Deals
Office138,400 SF
Financed 04/05/2022
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$896
Total Square Footage:138,400 SF
Transaction Type:Loan

The office property located at 5000 Shoreline Court in South San Francisco has recently undergone a loan refinancing transaction. The property, with a total area of 138,400 square feet and occupying 8.6 acres, was the subject of this transaction.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: $124,000,000
  • Address: 5000 Shoreline Court
  • Market: South San Francisco
  • Landlord: DivcoWest - Stuart Shiff
  • Brokers: Mike Walker & Brad Zampa - CBRE
  • Loan Type: Refinance

The loan refinancing has provided financial stability to the property, enabling continued operations and potential future enhancements. DivcoWest, represented by Stuart Shiff, acted as the landlord for this transaction. The brokers involved in the deal were Mike Walker and Brad Zampa from CBRE.

Players

Bradford "Brad" Zampa
20 deals$2.1B volume
BROKER

Michael "Mike" Walker
CBRE
19 deals$2.1B volume
BROKER

DivcoWest
LENDER

Stuart Shiff
DivcoWest
16 deals$2.2B volume
LANDLORD

Details

FINANCED
IMAGE: Brad Zampa, Mike Walker & Stuart Shiff DATE: 04/05/2022 ADDRESS: 5000 Shoreline Court MARKET: South San Francisco ASSET TYPE: Office ~ SF: 138,400 ~ ACRES: 8.6 LANDLORD: DivcoWest - Stuart Shiff BROKERS: Mike Walker & Brad Zampa - CBRE LOAN AMOUNT: $124,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$124,000,000.00

Monthly NOI$826,666.67
Monthly Debt Service$783,764.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00