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Property: Wells Fargo Place
Buyer: Unilev
Seller: Zeller-World Trade LLC
Source: Buyer Sale Date: August 14, 2006
Sale Price: $106,000,000
Unit Price: $161.81/sq. ft.
(NRA) Net Rentable Area: 655,095 square feet
Gross Building Area: 853,139 square feet
Zoning: B-4, Central Business District
Utilities: All available
Topography and Soil: Generally level; good
Visibility and Access: Good
Age: 1987
Land Size: 110,041 square feet
Remarks: The property was 85% leased at the time of sale. There were three potential tenants looking to lease approximately 50,000 square feet. If these and several other contract proposals were executed, occupancy would be close to 98%.
