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

Property Image
SOLD
$13,200,000
William (Will) Cliff
Aileen Dolby

California

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Office34,000 SF
Sold 05/30/2023
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Property Image
SOLD

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

2105 Bancroft Way Berkeley, CA 94720, USA

See Similar Deals
Office34,000 SF
Sold 05/30/2023
William (Will) Cliff
Aileen Dolby
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$388
Total Square Footage:34,000 SF
Transaction Type:Sale

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.

Players

William (Will) Cliff
Colliers
William Cliff
3 deals$50.7M volume
BROKER
Aileen Dolby
Colliers
Aileen Dolby
1 deal$13.2M volume(510) 368-1455
BROKER
Harvest Properties
Harvest Properties
SELLER

Details

SOLD
IMAGE: Will Cliff & Aileen Dolby DATE: 05/30/2023 ADDRESS: 2105 Bancroft Way MARKET: Berkeley ASSET TYPE: Office BUYER: The UC Board of Regents - UC Berkeley - Kyle Gibson SELLER: Harvest Properties BROKERS: Will Cliff & Aileen Dolby - Colliers (@ColliersInternational) SALE PRICE: $13,200,000 SF: 34,000 ~ PPSF: $388 NOTE: The University of California has acquired a 34,000-square-foot office building near UC Berkeley's campus for $13.2 million. The purchase was motivated by the building's compliance with seismic requirements and its proximity to the university.

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Debt Service Coverage Ratio (DSCR)

0.94x

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