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GI Partners Secures $213.4M Loan For Life Sciences Assets In South San Francisco & San Carlos, CA

Property Image
FINANCED
$213,400,000
Brian Torp
Samuel Godfrey
Kevin MacKenzie

California

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Other325 SF
Financed 08/11/2022
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Property Image
FINANCED

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

See Similar Deals
Other325 SF
Financed 08/11/2022
Brian Torp
Samuel Godfrey
Kevin MacKenzie
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Other
Price Per Square Foot:$656,615
Total Square Footage:325 SF
Transaction Type:Loan

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

Kevin MacKenzie
JLL
Kevin MacKenzie
25 deals$4.4B volume(949) 870-8722
BROKER
Samuel Godfrey
JLL
Samuel Godfrey
5 deals$806.5M volume
BROKER
Brian Torp
JLL
Brian Torp
7 deals$1.8B volume
BROKER
GI Partners
GI Partners
LANDLORD

Details

FINANCED
IMAGE: Kevin MacKenzie, Brian Torp, Alex Witt & Samuel Godfrey DATE: 11/08/2022 ADDRESS: 7000 Shoreline Court, 341-343 Oyster Point Boulevard, 75 & 125 Shoreway Road MARKET: South San Francisco & San Carlos, CA ASSET TYPE: Life Sciences ~ SF: 325,977 LANDLORD: GI Partners BROKERS: Kevin MacKenzie, Brian Torp, Alex Witt & Samuel Godfrey - JLL Capital Markets (@JLL) LOAN AMOUNT: $213,400,000 LOAN TERMS: seven-year, fixed-rate

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$213,400,000.00

Monthly NOI$1,422,666.67
Monthly Debt Service$1,348,833.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00