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6230 Stoneridge Mall Road

Nome Capital Partners Purchases Pleasanton Corporate Commons For $151.8M
SOLDOffice

Nome Capital Partners Purchases Pleasanton Corporate Commons For $151.8M

6230 Stoneridge Mall Road, 6210 Stoneridge Mall Road, 6220 & 6230 Stoneridge Mall Road

$151,800,000

$63/SF

Building Size

2,382,400 SF

Asset Type

Office

Closing

May 15, 2024

AI

The Pleasanton Corporate Commons, a 595,600-square-foot Class A office complex located at 6200, 6210, 6220 & 6230 Stoneridge Mall Road in Pleasanton, was sold for $151,800,000. The property was purchased by Jameel Nabulsi & Rohit Kumar of Nome Capital Partners from UBS Realty Investors for $255 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $151,800,000
  • Buyer: Jameel Nabulsi & Rohit Kumar - Nome Capital Partners
  • Seller: UBS Realty Investors
  • Brokers: Ryan Venezia, Scott J. Prosser & Seth Siegel - Cushman & Wakefield

The transaction involved Nome Capital Partners leading an investor group to acquire the Pleasanton Corporate Commons at a price of $151.8 million. The sellers, UBS Realty Investors, facilitated the sale of the 1.2-acre office property. Brokers from Cushman & Wakefield, including Ryan Venezia, Scott J. Prosser, and Seth Siegel, played pivotal roles in the transaction.

Players

Ryan Venezia

Cushman & Wakefield

Broker

$608.4M

vol

8 deals

Broker
Bank of America
Bank of AmericaLender

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

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93