UC Board Of Regents Acquires Office Building Near UC Berkeley Campus For $13.2M

The University of California has acquired a 34,000-square-foot office building near UC Berkeley's campus for $13.2 million. The property is located at 2105 Bancroft Way in Berkeley and is compliant with seismic requirements, making it an attractive choice for the university. Its proximity to UC Berkeley also played a role in the purchase decision.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $13,200,000
• Square Footage: 34,000
• Price per Square Foot: $388
• Address: 2105 Bancroft Way, Berkeley
• Market: Berkeley

In this transaction, the buyer is The UC Board of Regents, represented by Kyle Gibson from UC Berkeley. The seller is Harvest Properties. The brokers involved in the deal are Will Cliff and Aileen Dolby, who represent the buyer and seller respectively and are affiliated with Colliers.