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Hot Property: A rare Bay Area MOB offering

Physicians Medical Center in Daly City is in an ‘extremely tight’ med office market

Name: Physicians Medical Center
Address: 901 Campus Drive
City: Daly City, Calif.
Square feet: 75,559
Stories: three
In-place NOI: $1.54 million
Year built: 1989
Occupancy: 92 percent
Site size: 2.48 acres
Brokerage: HFF
Brokers: Evan Kovac, Andrew Milne and David Dokko

Physicians Medical Center in Daly City, Calif., being offered by HFF, is a three story, 75,559 square foot MOB in an area of strong demographics.

Investors certainly don’t expect to find very many available, successful commercial properties to acquire in or near San Francisco, let alone medical office buildings (MOBs) with the potential to add plenty of value with a manageable amount of lease-up.

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