Updated Oct 28, 2024
Virtua Partners Sells Office Assets On Hopyard Road In Pleasanton For $78M
4125 Hopyard Road, Pleasanton, California 94588, United States
$78,000,000
$267/SF
Building Size
292,000 SF
Asset Type
Office
Closing
Feb 1, 2022
About this deal
AI
The office property located at 4125, 4155, 4255, and 4385 Hopyard Road in Pleasanton has been sold for a total of $78,000,000. The property spans over 292,000 square feet, resulting in a price per square foot of $267. The transaction was facilitated by JLL brokers Erik Hanson, David Dokko, and Nick Deaver on behalf of the seller, Virtua Partners.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $78,000,000
- Address: 4125, 4155, 4255 & 4385 Hopyard Road, Pleasanton
- Market: Pleasanton
- Square Footage: 292,000
- Price per Square Foot: $267
- Seller: Virtua Partners
- Brokers: Erik Hanson, David Dokko & Nick Deaver - JLL
Erik Hanson, David Dokko, and Nick Deaver from JLL played a crucial role as brokers in this transaction. Their expertise and representation greatly contributed to the successful sale of the office property.
On the Map
$78,000,000
$267/SF
Office
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Players
Pleasanton 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93