Date: August 2024
Labeled: Office Leasing & Sales
Size: 5,140 SF
City: Pleasant Hill
This is our second sale in this office condominium project. The buyer was a veterinarian who needed a use permit from the City of Pleasant Hill, as well as approval from the owner’s association for his use. Despite getting the use permit, it was a complicated sale. Several years earlier, in 2017, we were involved in a sale to a dentist upstairs at the same property. In that transaction, we learned the property had been in a construction defect lawsuit and there was an additional lawsuit pertaining to the board governance. Now, years later as the Seller’s representative, we brought our extensive background knowledge of these issues to the transaction and guided the Seller and Buyer accordingly. The property was financed with an SBA loan provided by Live Oak Bank. Eric Erickson and Sandra Weck represented the Seller and Brian Lerro with Carr Commercial represented the Buyer.
