The property asset involved in the transaction is an office building located at 6001 Shellmound Street in Emeryville. The building measures 109,333 square feet and was sold for a total transaction amount of $6,780,000, translating to a price per square foot of $62. The property is currently 60% leased and is part of the LEED Platinum-certified Emeryville Public Market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $6,780,000
• Buyer: Jason Oberman - Blox Ventures
• Seller: PNC Bank
• Square Footage: 109,333
• Price per Square Foot: $62
• Market: Emeryville

Jason Oberman represented Blox Ventures in this acquisition, which involved acquiring the loan for the property at a significant discount to its maturity value of $21.61 million. The transaction aligns with Blox’s strategy of investing in high-growth, innovation-driven communities.