Updated Feb 9, 2026
Patricia Poppe Of PG&E Acquires Office From Dave Duffield Of Workday Inc For $21.8M
5928 Stoneridge Mall Road
$21,800,000
$104/SF
Building Size
209,000 SF
Asset Type
Office
Closing
Jan 29, 2026
About this deal
AI
The property asset involved in the transaction is an office building located at 5928 Stoneridge Mall Road in Pleasanton. The sale price was $21,800,000. The total square footage of the building is 209,000, resulting in a price per square foot of $104. This transaction highlights the shifts in the East Bay office market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $21,800,000
- Buyer: Patricia Poppe - PG&E
- Seller: Dave Duffield - Workday, Inc
- Square Footage: 209,000
- Price per Square Foot: $104
- Date of Transaction: 01/29/2026
- Market: Pleasanton
Patricia Poppe represents PG&E in this transaction, while Dave Duffield represents Workday, Inc. The sale reflects a significant reduction in property value, as the seller initially acquired the property for $47,000,000 in 2016, representing a 53% decline in value.
On the Map
$21,800,000
$104/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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93