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Connect Church Silicon Valley Acquires Office Property In San Jose For $9.75M With Brokers Philip Levy & Chris Gainey
SOLD
California
See Similar DealsOffice31,701 SF
Sold 06/27/2025
SOLD
Connect Church Silicon Valley Acquires Office Property In San Jose For $9.75M With Brokers Philip Levy & Chris Gainey
1054 South De Anza Boulevard
See Similar DealsOffice31,701 SF
Sold 06/27/2025
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$307
Total Square Footage:31,701 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$520,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,639.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,219.97
Annual Debt Service$554,639.69
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