Benjamin W. Schall Of AvalonBay Communities Acquires 5.7-Acre Development Site In San Ramon For $30.5M
6200 Bollinger Canyon Road
$30,500,000
Building Size
—
Asset Type
Development Site
Closing
Dec 4, 2025
AI
AvalonBay Communities acquired a 5.7-acre development site located at 6200 Bollinger Canyon Road in the San Ramon market for $30.5 million. The site will be developed into a 456-unit rental community within Bishop Ranch, with construction commencing this month and completion anticipated in late 2027. The community will feature two mid-rise buildings and amenities that include a pool, fitness center, rooftop deck, and pet spa.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $30,500,000
- Buyer: Benjamin W. Schall - AvalonBay Communities
- Seller: Alex Mehran Jr. - Sunset Development
- Location: 6200 Bollinger Canyon Road, San Ramon
- Parcel Size: 5.7 acres
- Number of Units: 456-unit rental community
- Expected Opening: Late 2027
Benjamin W. Schall represents AvalonBay Communities, while Alex Mehran Jr. represents Sunset Development in this transaction. The development is set to enhance the rental housing options within the area significantly.
Players
San Ramon 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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93