LBA Realty Acquires Office Building In Bay Area For $45M

The office building located at 3300 Olcott St. in the Bay Area has been sold for $45,000,000. The property, measuring 105,664 square feet, was acquired by LBA Realty, represented by Phil Belling. The seller in this transaction was PSAI Realty Partners. The sale price equates to approximately $425 per square foot.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $45,000,000
• Address: 3300 Olcott St.
• Market: Bay Area
• Buyer: LBA Realty - Phil Belling
• Seller: PSAI Realty Partners
• Square Footage: 105,664
• Price Per Square Foot: $425

Phil Belling, representing LBA Realty, played a significant role in this transaction as the buyer's broker. Their involvement highlights their expertise and commitment to the deal.