Berkadia Secures $29M in Financing for Pinnacle Medical Office in San Diego
SAN DIEGO — Berkadia has secured $29 million in financing for Pinnacle Medical Office in San Diego. The office is located at 10670-10672 Wexford St. in the Scripps Ranch submarket.
The property provides services like primary care, wellness exams, treadmill stress testing, annual physicals, sports and camp physicals, full laboratory testing, vaccinations and pre-operative clearance.
The 10-year, fixed-rate loan features interest-only payments for the full term and features a 4.3 percent interest rate through Wells Fargo. The borrower was LP Scripps Lot 1 LLC.