facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Office

/

Sale

/

4125 Hopyard Road, Pleasant...

Virtua Partners Sells Office Assets On Hopyard Road In Pleasanton For $78M
SOLDOffice

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

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.

Players

Erik Hanson

JLL

Broker

$425.1M

vol

8 deals

Broker
VP
Virtua PartnersSeller

Pleasanton Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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