Updated Jul 13, 2026
Jerry Hunt Of 300 Venture Group And Christopher George Of CMG Group Acquire Retail Site For $10.7M
2651 Stoneridge Mall Road
$10,700,000
Building Size
—
Asset Type
Retail
Closing
Jul 9, 2026
About this deal
AI
A local investor group acquired an 8.4-acre site at 2651 Stoneridge Mall Road in Pleasanton, including a former Nordstrom store and parking lot. The sale price was $10.7 million, and the acquisition increases the group's holdings at Stoneridge Shopping Center to a total of 18.2 acres, with future redevelopment and re-tenanting under consideration.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,700,000
- Address: 2651 Stoneridge Mall Road
- Market: Pleasanton, CA
- Acres: 8.4
- Buyer: Jerry Hunt - 300 Venture Group
- Buyer: Christopher George - CMG Group
The acquisition was led by Jerry Hunt and Christopher George, who are looking into various options for the use of the newly acquired site and are focused on expanding their investment within the Stoneridge area.
On the Map
$10,700,000
Retail
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Players
Pleasanton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93