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3300 Busch Road, Pleasanton...

Updated Dec 14, 2024

Square Mile Capital Acquires Development Site In Pleasanton For $65.9M
SOLDDevelopment Site

Square Mile Capital Acquires Development Site In Pleasanton For $65.9M

3300 Busch Road, Pleasanton, California 94566, United States

$65,900,000

Building Size

—

Asset Type

Development Site

Closing

Jun 13, 2022

About this deal

AI

A 50.5-acre development site located at 3300 Busch Rd. in Pleasanton has been sold for a total of $65,900,000. The property was sold by Kiewit Corp. to Square Mile Capital, represented by Craig Solomon. The transaction took place on June 14, 2022.

Summary of transaction details

Craig Solomon, representing Square Mile Capital, played a key role in the transaction as the buyer. On the other side, Kiewit Corp. acted as the seller. The deal was facilitated by the brokers Michael Lloyd, Larry Easterly, Sam Higgins, and Tom Damaschino from Colliers and KBC Advisors, respectively.

On the Map

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$65,900,000

Development Site

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Players

Tom Damaschino

Cushman & Wakefield

Broker

$106.4M

vol

2 deals

Broker

Craig Solomon

Square Mile Capital

Buyer

$541.8M

vol

3 deals

Buyer
KC
Kiewit Corp.Seller
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Pleasanton Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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