GI Partners Secures $213.4M Loan For Life Sciences Assets In South San Francisco & San Carlos, CA
7000 Shoreline Court, South San Francisco, California 94080, United States
$213,400,000
$656,615/SF
Building Size
325 SF
Asset Type
Other
Closing
Aug 11, 2022
AI
The property involved in this closed transaction is located at 7000 Shoreline Court, 341-343 Oyster Point Boulevard, 75 & 125 Shoreway Road in South San Francisco & San Carlos, CA. It is a Life Sciences asset with a total square footage of approximately 325,977. The transaction took place on November 8, 2022.
Summary of transation details
- Property Type: Life Sciences
- Transaction Amount: $213,400,000
- Loan Terms: seven-year, fixed-rate
The landlord involved in this transaction is GI Partners. The brokers representing the deal are Kevin MacKenzie, Brian Torp, Alex Witt & Samuel Godfrey from JLL Capital Markets.
Players
South San Francisco Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93