Date: April 2026
Size: 8,672 SF
City: Orinda, CA
This was an 8,200-square-foot office building we were leasing. Two units on the second floor became available, and the list of tenants interested in the spaces was scarce. The ownership indicated they would be interested in selling, so we listed the property for sale, expecting to find an owner-user who would purchase the building and occupy the second floor. The property was on the market for about 9 months. What was unique about this sale was that the second floor represented only about one-third of the building — not the 51% typically required under SBA loans. Despite this, we found a buyer who was able to purchase the property and occupy that portion of the second floor. Colliers was the only broker in the transaction. The loan was financed with conventional financing, and the buyer was a finance company relocating from Lafayette.
Eric Erickson, Peter Gutzwiller, and Heather White were the agents in this transaction.
