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
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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93