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
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