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
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