University Avenue Partners Purchases 52149 SF Property At 2551 San Ramon Valley Blvd With Darren Hollak As Seller's Rep
2551 San Ramon Valley BLVD, San Ra...
Building Size
52,149 SF
Asset Type
Mixed-use
Closing
Nov 19, 2023
AI
A mixed-use property located at 2551 San Ramon Valley Blvd in San Ramon has been purchased by University Avenue Partners. The asset spans 52,149 square feet and was 90 percent leased to a variety of office and retail tenants at the time of sale.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Address: 2551 San Ramon Valley Blvd, San Ramon
- Market: Arnold
- Seller's Representative: Darren Hollak-Newmark
- Buyer: University Avenue Partners
- Leased space: 90 percent leased
- Transaction facilitated by: Steven Golubchik, Edmund Najera, Jonathan Schaefler, and Darren Hollak of Newmark
- Retail component advisory: Nicholas Bicardo of Newmark
This transaction highlights the involvement of several parties in the deal, with Newmark facilitating the transaction and providing advisory services on the retail aspect. The collaboration among the real estate professionals ensured a smooth transaction process for the buyer and seller in the mixed-use market.
Players
Arnold Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93