A source with Opus says the company sold a 29,120-sf building for $2.3 million. The name of the buyer was not immediately available. Mike Lloyd of Colliers International represented Opus in the deal.
The two remaining buildings Opus owns there--267,413-sf and 79,040-sf--are about 50% leased, the source says. Both are being marketed for lease and for sale. Lease rates in the larger building, a distribution facility, start at 45 cents per sf per month, including a $3 per sf tenant improvement allowance. The smaller building, a manufacturing facility, is priced at 70 cents per sf per month, including a $10 per sf tenant improvement allowance.
Opus also recently finalized a six-year lease on a 17,000 sf space at Sierra Point, an office complex on the San Francisco Peninsula. The deal was signed with on-line firm Colo.com.
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