THE OPPORTUNITY

In March 2023, Shopoff acquired 8.37 acres that include a former Nordstrom building and adjacent parking lot at the Stoneridge Mall in Pleasanton, California. This property was purchased for $16 million in a joint venture with Praelium Commercial Real Estate and an affiliate of Singerman Real Estate, LLC.

The property is strategically located at the junction of the I-580 and I-680, and is within walking distance of the West Dublin BART station, providing easy access to major business markets in the region, including Silicon Valley, San Jose, Oakland, and San Francisco, ideal for future residents and/or tenants.

HOW SHOPOFF IS ADDING VALUE

During ownership, Shopoff leased the property with potential uses including residential, R&D/advanced manufacturing, office, and/or retail.

THE RESULT

In July 2026, the property was sold to a privately-held real estate investment and development firm.

Disclosures

An investment in a Shopoff fund involves a high degree of risk, including the possible loss of your entire investment, and is illiquid with an uncertain liquidity date. This material does not constitute an offer to sell or a solicitation of an offer to buy any security. Securities offered through Shopoff Securities, Inc. Member FINRA/SIPC.

These properties are one of a number of properties that are managed by Shopoff Realty Investments, and owned by open and closed investment funds. For the listing of all Shopoff’s current holdings visit: https://www.shopoff.com/current-assets/