Cameron Johnson Of Libertas Companies Acquires 1333 Broadway Office Building For $58.1M In Oakland

The property asset involved in this transaction is an office building located at 1333 Broadway in Oakland, CA. The building spans 244,072 square feet and was sold for a price of $58,100,000, translating to approximately $238 per square foot. This transaction reflects a significant reduction from the $115 million price paid in 2019.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $58,100,000
• Buyer: Cameron Johnson - Libertas Companies
• Seller: China Construction Group
• Square Footage: 244,072
• Price per Square Foot: $238
• Lease Information: Delta Dental occupies more than half of the building, with a lease running through 2028

Cameron Johnson represents Libertas Companies in the acquisition of the property from China Construction Group. The deal was executed through a deed in lieu of foreclosure, providing the new owner with an opportunity to manage an asset with existing tenants, although future plans for these tenants have not been disclosed.