Christopher Peatross Sells Office Assets At 1655 Grant Street And 1755 Grant Street For $45.25M
SOLD
$45,250,000
+ 1
California
See Similar DealsOffice477,502 SF
Sold 02/11/2026
SOLD
Christopher Peatross Sells Office Assets At 1655 Grant Street And 1755 Grant Street For $45.25M
1655 Grant Street & 1755 Grant Street
See Similar DealsOffice477,502 SF
Sold 02/11/2026
+ 1
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$94
Total Square Footage:477,502 SF
Transaction Type:Sale
The property asset involved in the transaction is an office located at 1655 Grant Street & 1755 Grant Street in the Concord market. The sale price was established at $45,250,000, with a total square footage of 477,502, resulting in a price per square foot of $95.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $45,250,000
- Seller: Christopher Peatross - Swift
- Buyer's Representatives: Omid Broukhim – BARAK Investors Group; David Maghen – MIP Investment Corp
- Seller's Representative: Steven Golubchik - Newmark
- Loan Amount: $140,000,000
- Sale Type: Receivership Sale
- Lender: Wells Fargo
This transaction featured key participation from Steven Golubchik, representing the seller, and the buyer's representatives, Omid Broukhim and David Maghen, each advocating for their respective firms in this closed deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,413,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$160,763.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$214,508.09
Annual Debt Service$2,574,097.03
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