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SAN DIEGO-Bank of America has sold its 8875 Aero Dr. office facility in a sale-leaseback transaction valued at $6.3 million.

A fund presently being overseen by the Southern California-based real estate investment and management firm Layton-Belling & Associates has acquired the asset, which is currently 50% occupied by Bank of America. Completed in 1981, the two-story building encompasses a total of 101,590 sf, with half of its space serving as an operational facility for Bank of America. Its remaining 50,000 sf of office space is available for immediate occupancy, according to a company spokesperson. Jim Laing of Burnham Real Estate is handling leasing at the facility, which stands near the intersection of Aero Drive and Sandrock Road in the city.

The seller was represented by a brokerage team consisting of Michael Seifer, Royce Hudson and Jessica Levin of Jones Lang LaSalle, as well as Bob Prendergast, Lynn LaChapelle and Ryan Gilbert of Burnham Real Estate. The buyer, a Delaware limited liability company known as LBA Realty-Holding Fund 1 LLC, was represented in-house.

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