John Muir Health Expands Lease At Bishop Ranch Medical Campus With Sunset Development Company
12677 Alcosta Boulevard
Building Size
100,000 SF
Asset Type
Office
Closing
Mar 10, 2026
AI
The asset involved in this transaction is an office property located at 12677 Alcosta Boulevard in the San Ramon market. The space covers approximately 100,000 square feet and is owned by the Sunset Development Company.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Sunset Development Company
- Tenant: Michael S. Thomas - John Muir Health
- Brokers: Trent Barmby & Kevin Mechelke - JLL
This lease arrangement reflects John Muir Health's expansion strategy as the organization nearly doubled its footprint to accommodate additional services and staffing. The new space is projected to open in late 2027, alongside a 10-year lease extension for the Pleasanton Outpatient Center, consolidating operations in the San Ramon area along the I-680 corridor.
Players
San Ramon Office Market Snapshot
Boundary boundary · Office · Lease 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