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
San Jose Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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