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

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SOLD
$9,750,000

California

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Office31,701 SF
Sold 06/27/2025
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Property Image
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 Deals
Office31,701 SF
Sold 06/27/2025
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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

Chris Gainey
13 deals$9.8M volume(817) 932-6122
BROKER

Philip Levy
Marcus & Millichap
41 deals$34.7M volume
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Philip Levy & Chris Gainey DATE: 06/27/2025 ADDRESS: 1054 South De Anza Boulevard MARKET: San Jose ASSET TYPE: Office BUYER: Connect Church Silicon Valley BROKERS: Philip Levy & Chris Gainey - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $9,750,000 SF: 31,701 ~ PPSF: $308 NOTE: Connect Church Silicon Valley purchased a 31,701-square-foot multi-tenant office property at 1054 South De Anza Boulevard in San Jose for $9.75 million from a Los Gatos-based entity. Marcus & Millichap’s Philip Levy and Chris Gainey brokered the deal.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash-on-Cash Return-1.27%
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