DALY CITY, CA—CBRE has arranged the disposition of 901 Campus Drive in Daly City, on behalf of Serramonte Ridge Medical Center Enterprises. Swift Realty Partners purchased for an undisclosed price. This transaction represents the second medical office building CBRE has sold, and assisted with financing, to Swift Realty Partners in 2014. In May of this year, CBRE sold The Foster City Medical Pavilion to the same buyer.

CBRE’s Seth McKinnon, Bruce Paris and Simon Clark worked with Chris Bodnar of CBRE’s national healthcare capital markets group to complete the sale, while Michael Walker and James Korinek of CBRE’s debt and structured finance team assisted with financing. The 75,559 square-foot building was listed in the fourth quarter of 2012 and was 95% occupied at the time of sale. Despite a high level of interest, the transaction took some time to finalize.

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