Virtua Partners Sells Office Assets On Hopyard Road In Pleasanton For $78M
SOLD
$78,000,000
California
See Similar DealsOffice292,000 SF
Sold 02/01/2022
SOLD
Virtua Partners Sells Office Assets On Hopyard Road In Pleasanton For $78M
4125 Hopyard Road, Pleasanton, California 94588, United States
See Similar DealsOffice292,000 SF
Sold 02/01/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$267
Total Square Footage:292,000 SF
Transaction Type:Sale
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.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,159,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$277,117.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$369,759.79
Annual Debt Service$4,437,117.52
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