Updated Dec 29, 2025
Olive Grid LLC Purchases Mixed-Use Building From James O. Buckingham For $9.3M In San Jose
2205 Fortune Drive
$9,300,000
$300/SF
Building Size
31,000 SF
Asset Type
Mixed-use
Closing
Dec 22, 2025
About this deal
AI
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
San Jose Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93