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Sale of R&D Portfolio in Pleasanton Earns 6.5 Cap Rate

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Pleasanton, 5870 Stoneridge Drive, 4511 Willow Road, 5735 West Las Positas Blvd., Ridge Capital Investors, Contrarian Capital Management
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By Jon Peterson The sale of three-building R&D portfolio from earlier this week in Pleasanton is looking to earn a cap rate at 6.5 percent. “This return is based on the current rent that is in the property now. We believe that the return will go up to 8 percent once the property reaches stabilization […]

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