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2603 Camino Ramon San Ramon...

Vaco Secures 50,000 SF Office Space At 2603 Camino Ramon In San Ramon
LEASEDOffice

Vaco Secures 50,000 SF Office Space At 2603 Camino Ramon In San Ramon

2603 Camino Ramon San Ramon, CA 94583, USA

$3

$3/SF

Building Size

50,000 SF

Asset Type

Office

Closing

May 8, 2023

AI

Vaco, an executive recruitment and staffing firm, has signed a lease for a 50,000-square-foot office space at 2603 Camino Ramon in San Ramon, California. The office, previously occupied by GE Software, will now house 1,000 employees from Vaco's contract content moderation team for an undisclosed social media platform. The move to Bishop Ranch will enable Vaco to accommodate its growing workforce.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 2603 Camino Ramon, San Ramon, California
  • Market: San Ramon
  • Landlord: Sunset Development
  • Tenant: Vaco - Brian Waller
  • Broker: Michael McCandless - Savills
  • Asking Rent: $3.45/ft.
  • Square Footage: 50,000

Michael McCandless of Savills represented Vaco in the lease transaction at Bishop Ranch. The relocation to this new office space allows Vaco to support its contract content moderators more effectively, with optimized workspaces and amenities.

Players

Michael McCandless

Savills

Broker

2 deals

Broker
SD
Sunset DevelopmentLandlord

Brian Waller

Vaco

Tenant

2 deals

Tenant

Los Angeles 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

5287666.67%

Cash-on-Cash

-1511231.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93