Updated Dec 4, 2024
Gregory K. Kavoklis Secures $5.45M Refinance For 12,500 SF Medical Office In San Francisco
600 Alabama Street
$5,450,000
$436/SF
Building Size
12,500 SF
Asset Type
Office
Closing
Jul 22, 2024
About this deal
AI
The transaction involves a medical office building located at 600 Alabama Street, San Francisco, CA, covering an area of 12,500 square feet. A refinance loan amounting to $5,450,000 has been secured for this property, with specific financing terms tailored to the needs of the borrower.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,450,000
- Loan Type: Refinance
- Loan Features: 10-Year loan with a 30-year amortization, no prepayment penalty provisions, and 2 years of interest only
- Broker: Gregory K. Kavoklis - Matthews Real Estate Investment Services
Gregory K. Kavoklis is the representative in this transaction, supported by Matthews Real Estate Investment Services. He can be reached at [email protected] or via direct line at 818.206.5835 for further inquiries about this deal.
On the Map
$5,450,000
$436/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.91%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93