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LBA Realty Acquires Office Building In Bay Area For $45M

3300 Olcott Street
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This Office property located in CA was sold for $45,000,000 almost 4 years ago.

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.

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Deals
  • Location
    3300 Olcott St, Tujunga, CA, USA3300 Olcott St, Tujunga, CA, USA
  • Sale Price
    $45,000,000$45,000,000
    $425 PPSF$425 PPSF
  • Area
    105,664 SF105,664 SF
  • Asset Type
    OfficeOffice

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Deal Summary

SALE IMAGE: Phil Belling DATE: 05/27/2021 ADDRESS: 3300 Olcott St. MARKET: Bay Area ASSET TYPE: Office BUYER: LBA Realty - Phil Belling SELLER: PSAI Realty Partners SALE PRICE: $45,000,000 SF: 105,664 ~ PPSF: $425

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