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Hall Equities Group Acquires Ygnacio Center Office Campus In Walnut Creek For $111 Million

Property Image
SOLD
$111,000,000

California

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Office1,588,836 SF
Sold 05/22/2025
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Property Image
SOLD

Hall Equities Group Acquires Ygnacio Center Office Campus In Walnut Creek For $111 Million

1990 North California Boulevard, 2001 North Main Street & 2033 North Main Street

See Similar Deals
Office1,588,836 SF
Sold 05/22/2025
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$69
Total Square Footage:1,588,836 SF
Transaction Type:Sale

The Ygnacio Center office campus located at 1990 North California Boulevard, 2001 North Main Street, and 2033 North Main Street in Walnut Creek consists of three buildings totaling 529,612 square feet. The property was sold for $111,000,000, translating to a price per square foot of $210. This campus has received LEED Silver certification.

Summary of transaction details:

Mark Hall represents Hall Equities Group in the acquisition of the Ygnacio Center, while Jeffrey Hines, Laura Hines-Pierce, and Howard Marks represent their respective companies, Hines and Oaktree Capital Management, in the sale. The transaction marks a significant decrease from the property's $210.5 million sale in 2018, and the buyer secured a $46.5 million loan from F&M Bank to facilitate this purchase.

Players

Laura Hines-Pierce
36 deals$3.8B volume
SELLER

Howard Marks
Oaktree Capital Management
9 deals$674.3M volume
SELLER

Jeffrey Hines
Hines
6 deals$193.8M volume
SELLER

Details

SOLD
IMAGE: Mark Hall, Jeffrey Hines, Laura Hines-Pierce & Howard Marks DATE: 05/22/2025 ADDRESS: 1990 North California Boulevard, 2001 North Main Street & 2033 North Main Street MARKET: Walnut Creek ASSET TYPE: Office BUYER: Mark Hall - Hall Equities Group SELLER: Jeffrey Hines & Laura Hines-Pierce (@TXHines57) - Hines (@Hines); Howard Marks - Oaktree Capital Management (@OaktreeCapital) LENDER: F&M Bank (Farmers & Merchants Bank of Central California) SALE PRICE: $111,000,000 SF: 529,612 ~ PPSF: $210 NOTE: Hines and Oaktree Capital sold the 529,612 SF Ygnacio Center office campus in Walnut Creek for $111M to Hall Equities Group, marking a steep drop from its $210.5M sale in 2018. The buyer secured a $46.5M loan from Farmers & Merchants Bank of Central California for the three-building LEED Silver-certified property. Bank

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$394,359.55
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