FINANCED
Mesa West Provides $53.7M Acquisition Loan For San Francisco Medical Office
350 Parnassus Avenue
Office
77,000 SF
77,000 SF
Summary
Loan
CALIFORNIA
Office
77,000 sqft
A medical office building located at 350 Parnassus Avenue in San Francisco has been acquired in a closed transaction. The property spans an area of approximately 77,000 square feet.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $53,700,000
- Address: 350 Parnassus Avenue, San Francisco
- Market: San Francisco
The loan for the acquisition of this medical office building was provided by Mesa West. The loan amount is $53,700,000 and the loan type is an acquisition loan with 5-year, floating-rate terms. Joshua Westerberg from Mesa West served as the lender's representative in the deal.
The property's landlord is Rubicon Point Partners. Ramsey Daya from Newmark acted as the broker for this transaction.
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Details
FINANCED
IMAGE: Ramsey Daya
DATE: 11/04/2021
ADDRESS: 350 Parnassus Avenue
MARKET: San Francisco
ASSET TYPE: Medical Office ~ SF: 77,000
LENDER: Mesa West - Joshua Westerberg
LANDLORD: Rubicon Point Partners
BROKERS: Ramsey Daya - Newmark
LOAN AMOUNT: $53,700,000
LOAN TYPE: Acquisition
LOAN TERMS: 5-year, floating-rateView on map
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Address350 Parnassus Avenue
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