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Benjamin W. Schall Of AvalonBay Communities Acquires 5.7-Acre Development Site In San Ramon For $30.5M
SOLD
$30,500,000
California
See Similar DealsDevelopment Site
Sold 12/04/2025
SOLD
Benjamin W. Schall Of AvalonBay Communities Acquires 5.7-Acre Development Site In San Ramon For $30.5M
6200 Bollinger Canyon Road
See Similar DealsDevelopment Site
Sold 12/04/2025
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,626,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$108,360.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$144,585.56
Annual Debt Service$1,735,026.72
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