Updated May 13, 2025
Roger Fields Of Peninsula Land & Capital Acquires Office Building In Walnut Creek For $22.5M
3003 Oak Road
$22,500,000
$107/SF
Building Size
210,000 SF
Asset Type
Office
Closing
May 12, 2025
About this deal
AI
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.
On the Map
$22,500,000
$107/SF
Office
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Players
Walnut Creek Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93