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4430 Rosewood Drive

Vagaro Leases 75,000 Square Feet At Rosewood Commons In Pleasanton With Landlord Christopher Peatross
LEASEDOffice

Vagaro Leases 75,000 Square Feet At Rosewood Commons In Pleasanton With Landlord Christopher Peatross

4430 Rosewood Drive

Building Size

75,000 SF

Asset Type

Office

Closing

May 15, 2025

AI

The property asset involved in the transaction is an office space located at 4430 Rosewood Drive, Pleasanton. The lease covers a total area of 75,000 square feet. This property was leased by Vagaro after downsizing from a previous 106,000-square-foot sublease. The deal reflects the demand for larger office spaces in the area amid an 18% local vacancy rate, which is more favorable than the broader region's 22.6% rate.

Summary of transaction details:

This lease agreement marks the largest lease along the I-680 corridor for the year 2025. The landlords and brokers involved in this transaction are significant players in the commercial real estate market, reflecting their expertise in facilitating substantial leasing agreements in the region.

Players

Kevin Mechelke

JLL

Broker

3 deals

Broker
Christopher Peatross

Christopher Peatross

Swift Real Estate Partners

Landlord

$697.3M

vol

9 deals

Landlord

Pleasanton 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