Updated Dec 23, 2025
LBA Realty Acquires Office Building In Bay Area For $45M
3300 Olcott St, Tujunga, CA, USA
$45,000,000
$425/SF
Building Size
105,664 SF
Asset Type
Office
Closing
May 27, 2020
About this deal
AI
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.
Players
Los Angeles Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93