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1054 South De Anza Boulevard

Connect Church Silicon Valley Acquires Office Property In San Jose For $9.75M With Brokers Philip Levy & Chris Gainey
SOLDOffice

Connect Church Silicon Valley Acquires Office Property In San Jose For $9.75M With Brokers Philip Levy & Chris Gainey

1054 South De Anza Boulevard

$9,750,000

$307/SF

Building Size

31,701 SF

Asset Type

Office

Closing

Jun 27, 2025

AI

Connect Church Silicon Valley purchased a multi-tenant office property located at 1054 South De Anza Boulevard in San Jose for $9.75 million. The property encompasses 31,701 square feet, resulting in a price per square foot of $308.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $9,750,000
  • Square Footage: 31,701 SF
  • Price Per Square Foot: $308
  • Address: 1054 South De Anza Boulevard
  • Market: San Jose
  • Buyer: Connect Church Silicon Valley
  • Seller: Los Gatos-based entity
  • Brokers: Philip Levy & Chris Gainey - Marcus & Millichap

The transaction was facilitated by the brokerage firm Marcus & Millichap, represented by Philip Levy and Chris Gainey, who played crucial roles in the deal’s execution.

Players

Chris Gainey

Marcus & Millichap

Broker

$9.8M

vol

14 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

San Jose Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.63%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93