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5928 Stoneridge Mall Road

Patricia Poppe Of PG&E Acquires Office From Dave Duffield Of Workday Inc For $21.8M
SOLDOffice

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

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.

Players

Patricia Poppe

PG&E

Buyer

$1.8B

vol

3 deals

Buyer
Dave Duffield

Dave Duffield

Workday, Inc

Seller

$21.8M

vol

1 deal

Seller

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

0.73%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93