The vacant office property located at 5050 Hopyard Road in Pleasanton is under contract. The property spans 135,000 square feet and is available for purchase at a price of $19,500,000. Previously, this asset served as the headquarters for Patelco Credit Union and has been owned by Hacienda MD LLC since 2007. The property is being positioned as an owner-user opportunity amidst a growing interest in vacant East Bay office assets suitable for repositioning or conversion.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $19,500,000
• Square Footage: 135,000
• Address: 5050 Hopyard Road
• Market: Pleasanton
• Seller: Hacienda MD LLC
• Price Per Square Foot: $144

The buyer has entered into a contract to acquire the property, indicating a strategic move to secure an asset amid increasing investor interest in the market. The transaction reflects ongoing trends in the real estate sector where vacant spaces are being sought for future development or repositioning opportunities.