Insights

Orange County Firm Buys Office-Retail Building in Old Town Danville, California

AUGUST 22, 2019 |ELENA HARRIS
Berkeley Land Company Sells Building in Multimillion-Dollar Deal

An office and retail building in Old Town Danville, California, has been sold to an Orange County investment firm.

The Laguna Niguel-based Blue River Equity purchased the building at 321 Hartz Ave. from the local Berkeley Land Company for $6.25 million, or about $551 per square foot.

Constructed in 1985, the two-story, 11,333-square-foot property is home to multiple tenants, including real estate firm Rassier Properties, Patterson Ranch Co., America’s Best Karate, Vector Marketing, Antigua Doors, Salon H and speakeasy-inspired wine bar Auburn Lounge.

Berkeley purchased the property back in 2004 for $3.5 million.

Edward Del Beccaro and Theodore Bard of TRI Commercial/CORFAC International represented the seller in the deal.

Please see CoStar COMPS #4812841 for more information regarding this transaction.

View the original CoStar article here.