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2551 San Ramon Valley BLVD,...

University Avenue Partners Purchases 52149 SF Property At 2551 San Ramon Valley Blvd With Darren Hollak As Seller's Rep
SOLDMixed-use

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

Darren Hollak

Newmark

Broker

$1.3B

vol

15 deals

Broker
UP
University Avenue PartnersBuyer

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