{"id":1004755817,"date":"2025-04-28T04:05:07","date_gmt":"2025-04-28T12:05:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004755817"},"modified":"2025-04-28T04:05:09","modified_gmt":"2025-04-28T12:05:09","slug":"psai-realty-lands-51m-for-bay-area-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/psai-realty-lands-51m-for-bay-area-facility\/","title":{"rendered":"PSAI Realty Lands $51M for Bay Area Facility"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/926015-e1745834638399.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004755821\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/psai-realty-lands-51m-for-bay-area-facility\/attachment\/926015\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/926015-e1745834638399.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"926015\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The one-story facility came online in 1978 and was last renovated in 2013.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/926015-e1745834638399.jpg?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/926015-e1745834638399.jpg\" alt=\"Exterior shot of the R&amp;D facility at 1220 E. Arques Ave. in Sunnyvale, Calif.\" class=\"wp-image-1004755821\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/926015-e1745834638399.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/926015-e1745834638399.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/926015-e1745834638399.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption class=\"wp-element-caption\">Completed in 1978, the one-story facility was most recently renovated in 2013. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>PSAI Realty Partners has landed a $51 million loan backed by a 138,410-square-foot facility in Sunnyvale, Calif., according to CommercialEdge information. City National Bank\u2019s Los Angeles branch originated the 10-year financing.<\/p>\n\n\n\n<p>The Class B property occupies 8 acres at 1220 E. Arques Ave., close to Lawrence Expressway and Bayshore Freeway. San Jose Mineta International Airport is 6 miles away, while downtown San Francisco is within 42 miles.<\/p>\n\n\n\n<p>Formerly known as Building M4, the facility was part of Fujitsu\u2019s Sunnyvale campus. The 1978-built R&amp;D property features HVAC control systems, sky lights, an ample truck court and 118 vehicle parking spots. It was last upgraded in 2013.<\/p>\n\n\n\n<p>PSAI picked up the property for $31 million in 2023 from Fujitsu, which had used it as one of its research facilities. The Japanese company had moved to Building M4 after <a href=\"https:\/\/www.commercialsearch.com\/news\/silicon-valley-fujitsu-campus-sells-for-104m\/\">Lane Partners paid $104 million<\/a> for most of its campus back in 2020. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-high-sale-prices-across-western-u-s\">High sale prices across Western U.S.<\/h2>\n\n\n\n<p>Western markets commanded the highest industrial sales prices in the U.S. as of February, according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-industrial-report-march-2025\/\">CommercialEdge report<\/a>. The Bay Area&#8217;s average sale price stood at $292 per square foot, a value outperformed only by Orange County&#8217;s $340 per square foot and more than double the national average of $127 per square foot. <\/p>\n\n\n\n<p>Most western markets also maintained industrial vacancy rates below the national average of 8.2 percent that month, the report shows. The Bay Area&#8217;s rate stood at 8.1 percent, while the lowest in the region was recorded by Central Valley&#8217;s 7 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>City National Bank provided the financing.<\/p>\n","protected":false},"author":2991,"featured_media":1004755821,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,21742,36079,15],"tags":[33195,41333],"class_list":["post-1004755817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-latest","category-san-jose","category-west","tag-city-national-bank","tag-psai-realty-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PSAI Realty Lands $51M for Bay Area Facility - 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