HP Investors Acquires Office Building In Oakland, CA For $35.7M

The office property located at 7700 Edgewater Drive in Oakland, CA has been sold. The transaction took place on 10/10/2022. The property, with a size of 207,773 square feet, was sold for a total price of $35,700,000, resulting in a price per square foot of $172. The buyer of the property is HP Investors, represented by Sumeet Parekh. The seller is California Capital & Investment Group.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $35,700,000
• Square Footage: 207,773
• Price Per Square Foot: $172
• Buyer: HP Investors - Sumeet Parekh
• Seller: California Capital & Investment Group

The deal involved HP Investors as the buyer, represented by Sumeet Parekh, and California Capital & Investment Group as the seller. This transaction marks the successful sale of the office property located at 7700 Edgewater Drive. The details of the sale include a total price of $35,700,000 and a price per square foot of $172 for the 207,773 square feet property.