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Olive Grid LLC Purchases Mixed-Use Building From James O. Buckingham For $9.3M In San Jose
SOLD
$9,300,000
California
See Similar DealsMixed-use31,000 SF
Sold 12/22/2025
SOLD
Olive Grid LLC Purchases Mixed-Use Building From James O. Buckingham For $9.3M In San Jose
2205 Fortune Drive
See Similar DealsMixed-use31,000 SF
Sold 12/22/2025
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$300
Total Square Footage:31,000 SF
Transaction Type:Sale
A mixed-use asset located at 2205 Fortune Drive in San Jose was sold for $9,300,000. The property encompasses a total area of 31,000 square feet, with a price per square foot of $300. The building is suitable for research and development, manufacturing, warehouse, lab, and office space and is situated in the Berryessa neighborhood.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $9,300,000
- Address: 2205 Fortune Drive
- Market: San Jose
- Buyer: Olive Grid LLC
- Seller: James O. Buckingham - TA Realty
- SF: 31,000
- PPSF: $300
In this transaction, Olive Grid LLC acquired the property from James O. Buckingham, who is affiliated with TA Realty. The seller purchased the building in 2022 for $8 million. This deal emphasizes the commercial potential of the property in a growing market area.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$496,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,040.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,086.74
Annual Debt Service$529,040.94
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