Roger Fields Of Peninsula Land & Capital Acquires Office Building In Walnut Creek For $22.5M

The property involved in the transaction is a 210,000-square-foot Class A office building located at 3003 Oak Road in Walnut Creek. The asset was sold for $22.5 million, which equates to approximately $107 per square foot. This transaction underscores the activity in the Walnut Creek market, reflecting a strategic acquisition in the current real estate climate.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $22,500,000
• Buyer: Roger Fields - Peninsula Land & Capital
• Seller: Ridge Capital Investors & Westbrook Partners
• Broker: Chris Banke - Eastdil Secured
• Lender: Wells Fargo
• Market: Walnut Creek
• Date: 05/12/2025

Roger Fields, principal at Peninsula Land & Capital, successfully acquired the office building through a short sale structured with Wells Fargo, marking the company's inaugural office purchase in Walnut Creek. This transaction highlights Peninsula Land's belief in the area's economic future amidst changes in the Bay Area office market.