Peter Sullivan Of PSAI Realty Partners Acquires Office Buildings In Mountain View For $12.9M

PSAI Realty Partners acquired two adjacent office and R&D buildings located at 335 & 345 East Middlefield Road in Mountain View. The total area of the properties is 31,200 square feet, with a sale price recorded at $12,900,000, resulting in a price per square foot of $413.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $12,900,000
• Buyer: Peter Sullivan
• Buyer's Company: PSAI Realty Partners
• Market: Mountain View
• Square Footage: 31,200
• Price Per Square Foot: $413

This transaction marks a significant event in the current market landscape, with PSAI Realty Partners indicating renewed investor interest in South Bay office and R&D assets. The market has seen buyers and sellers adjusting pricing expectations in light of current valuation adjustments.