Updated Nov 4, 2026
Stuart Miller Of Lennar Acquires 25-Acre Development Site In San Ramon For $156M
5000 Executive Parkway
$156,000,000
Building Size
—
Asset Type
Development Site
Closing
Nov 3, 2026
About this deal
AI
Lennar acquired a 25-acre development site located at 3000-5000 Executive Parkway in San Ramon, CA. The site was acquired for a total of $156 million, which translates to approximately $612,000 per home site, intended for the development of Canopy, a planned community featuring 255 homes.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $156,000,000
- Address: 3000-5000 Executive Parkway
- Market: San Ramon, CA
- Acres: 25
- Buyer: Stuart Miller - Lennar
This transaction involved Stuart Miller from Lennar, representing the buyer in acquiring the site from its previous ownership, with plans set for the new community named Canopy, strategically positioned within Bishop Ranch's former BR8 campus area.
On the Map
$156,000,000
Development Site
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Peck Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93