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CBRE Arranges $44.5M Acquisition of Pacific Professional Building Medical Office Property in San Francisco

2100-Webster-St-San-Francisco-CA

Located at 2100 Webster St. in San Francisco, Pacific Professional Building features 132,000 square feet of medical office building. (Photo credit: Digital Sky Aerial Imaging)

SAN FRANCISCO — CBRE has negotiated the purchase of the fee simple interest of Pacific Professional Building, a 132,000-square-foot medical office building in San Francisco. Pan-Med Enterprises, a collection of doctors that occupies and operates practices at the property, acquired the underlying land out of a ground lease for $44.5 million.

Mike Taquino, Kyle Kovac, Alec Haley and Giancarlo Sangiacomo of CBRE Capital Markets represented the buyer in the deal. Additionally, Mike Walker and Brad Zampa of CBRE’s Debt & Structured Finance team secured the $44.5 million, 10-year, fixed-rate, non-recourse loan to finance the purchase of the fee simple interest and repayment of the existing leasehold loan from a middle-market East Coast bank.

Located at 2100 Webster St., Pacific Professional Building is a five-story medical office with an outpatient radiology lab, testing labs, pharmacy and health resource center. The building is 97 percent leased and was completely renovated in 2021.

Content Partners
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‣ Lee & Associates
‣ Lument
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‣ Pavlov Media
‣ Walker & Dunlop

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