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Dr. Janice F. Whaley Purchases Office Building In San Ramon For $33 Million From Alex Mehran Jr
SOLD
$33,000,000
California
See Similar DealsOffice106,518 SF
Sold 10/23/2025
SOLD
Dr. Janice F. Whaley Purchases Office Building In San Ramon For $33 Million From Alex Mehran Jr
2409 Camino Ramon
See Similar DealsOffice106,518 SF
Sold 10/23/2025
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$309
Total Square Footage:106,518 SF
Transaction Type:Sale
Donor Network West acquired a 106,518-square-foot office building at 2409 Camino Ramon in San Ramon for $33 million, translating to $310 per square foot. This property will serve as the new donor recovery center for the organization while consolidating four existing locations in San Ramon.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $33,000,000
- Buyer: Dr. Janice F. Whaley - Donor Network West
- Seller: Alex Mehran Jr. - Sunset Development
- Square Footage: 106,518
- Price Per Square Foot: $310
- Market: San Ramon
This transaction continues Sunset Development's strategy of divesting surplus office space as it transitions Bishop Ranch into a mixed-use community. The deal was facilitated using data from CBRE.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,759,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03
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