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
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
- Property Type: Development Site
- Transaction Amount: $65,900,000
- Address: 3300 Busch Rd., Pleasanton
- Market: Pleasanton
- Buyer: Square Mile Capital - Craig Solomon
- Seller: Kiewit Corp.
- Brokers: Michael Lloyd & Larry Easterly - Colliers; Sam Higgins & Tom Damaschino - KBC Advisors
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.
Players
Pleasanton Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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